From October to December, 72 homes sold in Burbank for a median price of $200,750. That's 18.9 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, there were no foreclosures in Burbank.
Median property tax for homeowners in Burbank was $4,757.76 in 2017 according to tax data from that year. That means homeowners pay 2.8 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.
Burbank real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
73
$198,900
-
2010
46
$180,690
-9.2%
2011
63
$135,600
-25%
2012
63
$134,070
-1.1%
2013
88
$142,560
6.3%
2014
76
$155,820
9.3%
2015
100
$182,320
17%
2016
93
$172,200
-5.6%
2017
96
$168,810
-2%
2018
72
$200,750
18.9%
Median property tax
Median sale price
Effective property tax rate
2009
$4,172.19
$198,900
2.1%
2010
$5,175.49
$180,690
2.9%
2011
$4,126.81
$135,600
3%
2012
$4,618.34
$134,070
3.4%
2013
$4,258.67
$142,560
3%
2014
$4,121.58
$155,820
2.6%
2015
$4,394.17
$182,320
2.4%
2016
$4,601.42
$172,200
2.7%
2017
$4,757.76
$168,810
2.8%
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