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Sunday, October 20, 2024

Effective property tax rate in Rock Island County outpaced the national average in Q3 2023

Realestate2

Property owners in Rock Island County paid 3.9% of the value of their homes in property taxes in the third quarter of 2023, which is more than 3.5 times the national average, according to the real estate analysis posted by Rock Island Today.

The median sales price of a Rock Island County home in the third quarter of 2023 was $77,890, based on data from the 15 properties sold during that time. In 2023, the median tax bill for the county was $3,071, which is 3.9% of the median value of the homes that were taxed.

This is 3.5 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Rock Island County real estate data showed homeowners in East Moline and Moline paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares East Moline with some other cities belonging to Rock Island County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
East Moline2$16,635$3,18419.1%
Moline6$58,945$3,0305.1%
Rock Island5$82,000$2,7063.3%

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