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Saturday, April 19, 2025

Analysis: Rock Island County effective property tax rates outpaced the national average in Q4 2024

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Property owners in Rock Island County paid 2.5% of the value of their homes in property taxes in the fourth 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 fourth quarter of 2024 was $128,399, based on data from the 201 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 Hampton and Carbon Cliff 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 U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following table compares Hampton 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 2024.

CityQ4 2024 SalesQ4 2024 Median PriceMedian tax 2024Effective tax rate
Hampton2$62,000$3,8816.3%
Carbon Cliff2$78,500$2,5583.3%
East Moline29$130,000$3,2962.5%
Moline78$125,000$3,1372.5%
Rock Island56$122,500$2,8012.3%
Milan8$147,450$3,3932.3%
Taylor Ridge2$204,500$4,6222.3%
Coal Valley5$250,000$4,6701.9%
Silvis10$175,500$3,2391.8%
Andalusia3$232,900$3,8561.7%
Rapids City2$293,750$4,1101.4%
Coyne Center2$222,750$3,0371.4%

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