From January through March of 2017, there were two homes sold, with a median sale price of $50,000. There were five homes sold in Palmyra in the first quarter of 2016, and the median sales price for the period was also $50,000.
The median sales tax in Palmyra for 2017 was $582.96. In 2016, the median sales tax was $576.70. 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 1.2%.
The following table compares Palmyra to other Macoupin County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Staunton | 22 | 18 | 22.2% | $68,000 | $73,500 | -7.5% |
| East Gillespie | 5 | 3 | 66.7% | $61,000 | $52,000 | 17.3% |
| Brighton | 4 | 7 | -42.9% | $59,500 | $100,000 | -40.5% |
| Carlinville | 24 | 21 | 14.3% | $56,250 | $59,000 | -4.7% |
| Virden | 27 | 18 | 50% | $50,000 | $65,050 | -23.1% |
| Palmyra | 2 | 5 | -60% | $50,000 | $50,000 | 0% |
| Girard | 8 | 13 | -38.5% | $44,500 | $34,000 | 30.9% |
| Medora | 4 | 0 | - | $38,250 | $0 | - |
| Gillespie | 15 | 9 | 66.7% | $36,940 | $30,000 | 23.1% |
| Mount Olive | 16 | 12 | 33.3% | $36,500 | $18,804.50 | 94.1% |
| Benld | 9 | 2 | 350% | $33,500 | $23,500 | 42.6% |
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