From January through December of 2017, there were 15 homes sold, with a median sale price of $128,490 - a 133.8% increase over the $54,950 median sale price for the previous year. There were 16 homes sold in Colfax in 2016.
The median sales tax in Colfax for 2017 was $1,613. In 2016, the median sales tax was $1,596. This marks an increase of 1.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.
The following table compares Colfax 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) |
|---|---|---|---|---|---|---|
| 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% |
| Arrowsmith | 12 | 8 | 50% | $92,450 | $112,250 | -17.6% |
| Le Roy | 59 | 75 | -21.3% | $92,000 | $107,500 | -14.4% |
Alerts Sign-up