Q1 real estate sales report: Newark
From January to March, 7 homes sold in Newark for a median price of $190,000. That's 124.4 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, there were no foreclosures in Newark.
Median property tax for homeowners in Newark was $3,371.77 in 2017 according to tax data from that year. That means homeowners pay 4 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.