In July 2019, there were six homes sold, with a median sale price of $74,000 - a 14% decrease over the $86,000 median sale price for the same period of the previous year. There were two homes sold in Polo in July 2018.
The median sales tax in Polo for 2019 was $1,831. In 2018, the median sales tax was $1,832. This marks an decrease of 0.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.
The following table compares Polo to other Ogle County cities with similar median sales prices in July 2019:
| City | July 2019 Home Sales | July 2018 Home Sales | % change (Total Home Sales) | July 2019 Median Sales Price | July 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Monroe Center | 1 | 0 | - | $195,000 | $0 | - |
| Hillcrest | 2 | 3 | -33.3% | $172,500 | $118,500 | 45.6% |
| Byron | 3 | 6 | -50% | $158,000 | $157,000 | 0.6% |
| Davis Junction | 4 | 3 | 33.3% | $157,750 | $132,000 | 19.5% |
| Rochelle | 20 | 10 | 100% | $96,500 | $131,000 | -26.3% |
| Mount Morris | 7 | 3 | 133.3% | $88,500 | $106,000 | -16.5% |
| Polo | 6 | 2 | 200% | $74,000 | $86,000 | -14% |
| Oregon | 3 | 9 | -66.7% | $71,500 | $100,000 | -28.5% |
| Forreston | 1 | 1 | 0% | $69,500 | $67,500 | 3% |
| Stillman Valley | 1 | 3 | -66.7% | $42,500 | $117,000 | -63.7% |
| Leaf River | 1 | 2 | -50% | $5,000 | $23,000 | -78.3% |
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