From January through December of 2017, there were 13 homes sold, with a median sale price of $136,500 - a 20.4% decrease over the $171,500 median sale price for the previous year. There were 13 homes sold in Towanda in 2016, as well.
The median sales tax in Towanda for 2017 was $3,195. In 2016, the median sales tax was $3,196. This marks an decrease of 0%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.
The following table compares Towanda to other McLean County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bloomington | 1,290 | 1,336 | -3.4% | $157,500 | $152,000 | 3.6% |
| Normal | 672 | 738 | -8.9% | $156,700 | $154,000 | 1.8% |
| Downs | 22 | 21 | 4.8% | $149,250 | $147,000 | 1.5% |
| Heyworth | 39 | 47 | -17% | $145,000 | $140,000 | 3.6% |
| Danvers | 33 | 33 | 0% | $139,250 | $127,000 | 9.6% |
| Towanda | 13 | 13 | 0% | $136,500 | $171,500 | -20.4% |
| Carlock | 7 | 4 | 75% | $129,500 | $88,000 | 47.2% |
| Colfax | 15 | 16 | -6.3% | $128,490 | $54,950 | 133.8% |
| Lexington | 41 | 34 | 20.6% | $126,500 | $129,750 | -2.5% |
| Gridley | 26 | 22 | 18.2% | $121,400 | $115,250 | 5.3% |
| McLean | 14 | 16 | -12.5% | $110,500 | $89,000 | 24.2% |
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