From January through December of 2017, there were 12 homes sold, with a median sale price of $84,000 - a 47.4% increase over the $57,000 median sale price for the previous year. There were 15 homes sold in Shannon in 2016.
The median sales tax in Shannon for 2017 was $1,330. In 2016, the median sales tax was $1,338. This marks an decrease of 0.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.
The following table compares Shannon to other Carroll County cities 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) |
|---|---|---|---|---|---|---|
| Thomson | 7 | 7 | 0% | $95,000 | $25,000 | 280% |
| Shannon | 12 | 15 | -20% | $84,000 | $57,000 | 47.4% |
| Milledgeville | 12 | 18 | -33.3% | $65,500 | $63,750 | 2.7% |
| Lanark | 25 | 32 | -21.9% | $60,000 | $57,000 | 5.3% |
| Chadwick | 10 | 13 | -23.1% | $54,000 | $32,000 | 68.8% |
| Mount Carroll | 32 | 31 | 3.2% | $51,500 | $65,000 | -20.8% |
| Savanna | 45 | 49 | -8.2% | $44,000 | $29,500 | 49.2% |
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