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Saturday, December 28, 2024

Rock Island County effective property tax rate in Q4 2023 was higher than the national average

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Property owners in Rock Island County paid 2.9% of the value of their homes in property taxes in the fourth quarter of 2023, which is more than 2.6 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 fourth quarter of 2023 was $106,000, based on data from the 105 properties sold during that time. In 2023, the median tax bill for the county was $3,071, which is 2.9% of the median value of the homes that were taxed.

This is 2.6 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, Milan, and Taylor Ridge 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 fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
East Moline9$74,000$3,1844.3%
Milan5$80,000$3,2784.1%
Taylor Ridge3$124,000$4,4653.6%
Rock Island30$85,000$2,7063.2%
Coal Valley5$140,000$4,5123.2%
Silvis6$114,950$3,1292.7%
Moline36$123,438$3,0302.5%
Carbon Cliff5$106,000$2,4712.3%
Port Byron3$230,000$4,6442%

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