From January to March, 5 homes sold in Palestine for a median price of $32,500. That's 45.1 percent lower than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in Palestine.
Median property tax for homeowners in Palestine was $1,335.38 in 2016 according to tax data from that year. That means homeowners pay 5.1 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
Palestine real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
5
$70,200
-
2010
3
$67,260
-4.2%
2011
8
$46,613
-30.7%
2012
4
$44,145
-5.3%
2013
4
$17,766
-59.8%
2014
5
$21,200
19.3%
2015
8
$36,570
72.5%
2016
7
$26,250
-28.2%
2017
9
$59,160
125.4%
2018
5
$32,500
-45.1%
Median property tax
Median sale price
Effective property tax rate
2016
$1,335.37
$26,250
5.1%
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