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Market Watch: Jana Stewart Hawkins loses over $23,000 on sale of Decatur home

Illinois' highest-in-the-nation property taxes are eroding home equity and depressing home values across the state. This report is part of a SYHN News Service series on recent home sales that demonstrate the consequences.

The home: 4222 E. Marietta St., Decatur

The 720-square-foot ranch-style home has 2 bedrooms and 2 baths.

The seller: Jana L. Stewart Hawkins

The seller: Jana L. Stewart Hawkins

The purchase: In May 2006, Stewart Hawkins paid $45,000 for the home, or roughly $55,829 in today's dollars, according to the U.S. Bureau of Labor Statistics.

The sale: According to Zillow, Stewart Hawkins sold the home for $32,500 on Feb. 4, or approximately $23,329 less than the original purchase price, in today's dollars.

Stewart Hawkins originally listed the home for $39,900 in October 2018 and dropped the price in December to $34,900. 

The property taxes: Based on data compiled from and Zillow, Stewart Hawkins paid $8,003 in property taxes between 2012 and 2017, or about 25 percent of the sale price. 


The Financial Facts in Today’s Dollars

Seller's Purchase PriceAmount Home Sold for in 2019Seller’s Property Taxes

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