Q4 real estate sales report: Frankfort
From October to December, 86 homes sold in Frankfort for a median price of $350,250. That's 8.1 percent lower than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, 5 homes in Frankfort were in foreclosure.
Median property tax for homeowners in Frankfort was $8,340.93 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.