From April to June, 465 homes sold in Palatine for a median price of $275,000. That's 12.3 percent higher than median home sale prices for the second quarter of 2017.
In the second quarter, 20 homes in Palatine were in foreclosure.
Median property tax for homeowners in Palatine was $5,940.78 in 2017 according to tax data from that year. That means homeowners pay 2.4 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Palatine real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
189
$257,400
-
2010
253
$233,700
-9.2%
2011
179
$171,760
-26.5%
2012
223
$178,760
4.1%
2013
343
$183,600
2.7%
2014
292
$232,670
26.7%
2015
289
$258,640
11.2%
2016
407
$240,450
-7%
2017
423
$244,800
1.8%
2018
465
$275,000
12.3%
Median property tax
Median sale price
Effective property tax rate
2009
$6,274.85
$257,400
2.4%
2010
$5,266
$233,700
2.3%
2011
$5,027.59
$171,760
2.9%
2012
$5,409.46
$178,760
3%
2013
$5,053.65
$183,600
2.8%
2014
$6,198.86
$232,670
2.7%
2015
$6,325.77
$258,640
2.4%
2016
$6,110.11
$240,450
2.5%
2017
$5,940.77
$244,800
2.4%
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