From January through December of 2017, there were 12 homes sold, with a median sale price of $167,500 - a 31.9% increase over the $127,000 median sale price for the previous year. There were 19 homes sold in Rapids City in 2016.
The median sales tax in Rapids City for 2017 was $2,890. In 2016, the median sales tax was $2,873. This marks an increase of 0.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.
The following table compares Rapids City to other Rock Island 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) |
|---|---|---|---|---|---|---|
| Rapids City | 12 | 19 | -36.8% | $167,500 | $127,000 | 31.9% |
| Taylor Ridge | 25 | 37 | -32.4% | $160,000 | $160,000 | 0% |
| Coal Valley | 71 | 85 | -16.5% | $155,000 | $151,500 | 2.3% |
| Cordova | 14 | 17 | -17.6% | $154,250 | $136,000 | 13.4% |
| Port Byron | 51 | 45 | 13.3% | $130,000 | $194,000 | -33% |
| Andalusia | 24 | 32 | -25% | $127,000 | $130,000 | -2.3% |
| Coyne Center | 19 | 22 | -13.6% | $125,000 | $90,500 | 38.1% |
| Hampton | 42 | 31 | 35.5% | $118,700 | $145,000 | -18.1% |
| Edgington | 2 | 4 | -50% | $92,450 | $79,000 | 17% |
| Milan | 147 | 134 | 9.7% | $90,500 | $99,000 | -8.6% |
| Fruitland | 7 | 10 | -30% | $90,000 | $53,575 | 68% |
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