From January to March, 4 homes sold in Cortland for a median price of $122,933. That's 7.6 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in Cortland.
Median property tax for homeowners in Cortland was $5,793.63 in 2017 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.
Cortland real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
1
$287,644
-
2010
6
$200,864
-30.2%
2011
4
$120,701
-39.9%
2012
12
$98,075
-18.7%
2013
7
$157,517
60.6%
2014
10
$88,033
-44.1%
2015
11
$109,392
24.3%
2016
4
$95,130
-13%
2017
2
$114,215
20.1%
2018
4
$122,933
7.6%
Median property tax
Median sale price
Effective property tax rate
2014
$5,260.82
$88,033
6%
2015
$6,918.57
$109,392
6.3%
2016
$4,514.19
$95,130
4.7%
2017
$5,793.63
$114,215
5.1%
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