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Rock Island Today

Tuesday, October 15, 2024

Analysis: Rock Island County effective property tax rates outpaced the national average in Q2

Realestate077

Property owners in Rock Island County paid 2.5% of the value of their homes in property taxes in the second quarter of 2024, which is more than 2.2 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 second quarter of 2024 was $130,000, based on data from the 560 properties sold during that time. In 2024, the median tax bill for the county was $3,179, which is 2.5% of the median value of the homes that were taxed.

This is 2.2 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 Carbon Cliff, Coyne Center, and Hillsdale paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 Carbon Cliff 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 second quarter of 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Carbon Cliff6$28,900$2,5588.9%
Coyne Center3$58,000$3,0375.2%
Hillsdale6$59,555$2,5644.3%
Milan32$89,500$3,3933.8%
East Moline82$113,750$3,2962.9%
Cordova3$118,000$3,2002.7%
Silvis35$125,000$3,2392.6%
Moline179$137,000$3,1372.3%
Rock Island157$125,000$2,8012.2%
Port Byron10$213,750$4,8072.2%
Hampton8$179,000$3,8812.2%
Reynolds3$137,000$2,9202.1%
Andalusia6$198,500$3,8561.9%
Coal Valley17$259,000$4,6701.8%
Taylor Ridge5$300,000$4,6221.5%
Rapids City5$385,000$4,1101.1%

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