From July to September, 2 homes sold in Lima for a median price of $86,850. That's 22.8 percent lower than median home sale prices for the third quarter of 2017.
In the third quarter, there were no foreclosures in Lima.
Median property tax for homeowners in Lima was $2,453.61 in 2017 according to tax data from that year. That means homeowners pay 2.2 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.
Lima real estate: Q3 2012-2018
Properties sold
Median sale price
Change in sale price
2012
1
$103,550
-
2013
2
$181,980
75.7%
2014
1
$5,300
-97.1%
2015
1
$224,720
4140%
2017
4
$112,455
-50%
2018
2
$86,850
-22.8%
Median property tax
Median sale price
Effective property tax rate
2012
$673.46
$103,550
0.7%
2013
$2,904.67
$181,980
1.6%
2014
$122.93
$5,300
2.3%
2015
$5,793.76
$224,720
2.6%
2017
$2,453.61
$112,455
2.2%
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