Average Tax Assessment in Rock Island County
Real Estate Values and Property Tax Valuation in Rock Island County, Illinois
Rock Island County has 12,056 properties with a cumulative value of $1.4B, representing 0.20% of all real estate value in Illinois. Property taxes in Rock Island County totaled $39.8M, with an average homeowner paying $3,298 in property taxes compared to the state average of $5,405. The average property tax rate in Rock Island County is 2.89%, higher than the state average of 2.47%. Property taxes are calculated based on the assessed value of the property, which is typically lower than the market value.
In Illinois, property taxes are based on the value of the property as of January 1st. Property owners have the option to appeal their property taxes between June and December, or within 30 days of when the notices are published. Property tax bills are issued on February 1st and July 1st, with the first installment due on June 1st in Cook County. This first installment is estimated at 55% of the prior year's tax bill, with taxes paid in arrears.
Updated November 01, 2023
| Important Links | |
|---|---|
| Rock Island Assessor | (309) 786-4451 |
| Rock Island Treasurer | (309) 558-3510 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Tax Appeal Deadline: | June - December or 30 days after notices are published |
| Property Tax Bills Issued: | February 1st and July 1st |
| Real Property Tax Bill Due (1st of #): | June, Two installments but due dates may vary by county March 1st, Cook County - 1st half installment, estimated at 55% of prior year tax bill with taxes paid in arrears. |
| Real Property Tax Bill Due (2nd of #): | September, Two installments but due dates may vary by county August 1, Cook County - 2nd half installment - TARGETED but may be delayed - due 30 days after being issued. Reconciled installment using the BOR certified AV, actual local tax rate, and final state equalization factor, less the estimated 1st installment with taxes paid in arrears |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Rock Island County
Residential Property Taxes by Cities in Rock Island County
Rock Island County has an average property tax rate of 2.89%, which is slightly lower than the state average of 3.07%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Rock Island County property tax bill is $3,298, which is slightly lower than the state average of $3,521.
Property tax rates vary across the cities in Rock Island County. Milan has the highest effective property tax rate at 3.13%, while Moline has the lowest effective property tax rate at 2.78%. This means that property owners in Milan will pay more in taxes than property owners in Moline. However, the difference in rates is not significant enough to make a major impact on the overall property tax burden in the county.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Rock Island County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| East Moline | $48,156 | $63,982 | $91,662 | $142,051 | $178,323 |
| Milan | $52,255 | $73,635 | $114,741 | $178,678 | $266,801 |
| Moline | $52,530 | $69,208 | $91,383 | $138,279 | $190,635 |
| Rock Island | $43,263 | $68,204 | $98,262 | $133,314 | $180,786 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Rock Island County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| East Moline | $1,240 | $1,881 | $2,747 | $4,229 | $5,724 |
| Milan | $1,695 | $2,446 | $3,711 | $5,580 | $8,513 |
| Moline | $1,167 | $1,937 | $2,640 | $3,796 | $5,163 |
| Rock Island | $864 | $1,744 | $2,766 | $3,915 | $5,444 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| East Moline | 2.57% | 2.94% | 3.00% | 2.98% | 3.21% |
| Milan | 3.24% | 3.32% | 3.23% | 3.12% | 3.19% |
| Moline | 2.22% | 2.80% | 2.89% | 2.75% | 2.71% |
| Rock Island | 2.00% | 2.56% | 2.81% | 2.94% | 3.01% |
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Real Estate Values in Rock Island County
The median home price in Rock Island County, Illinois has increased by 23.85% from October 2022 to October 2023, from $130.0K to $161.0K. This is indicative of a strong housing market in the area, as the home inventory has decreased from 309 to 256 over the same period. This suggests that demand for housing in the area is high, and that prices are likely to continue to rise in the near future.
Average Home Value in Rock Island County, Illinois
Last updated: November 2023
Percent Change in Total Home Sales in Rock Island County
Last updated: November 2023
Percent Change in New Home Listings in Rock Island County
Last updated: November 2023
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Mortgage Rates in Rock Island County
Rock Island County has a total of $532.2M in outstanding home mortgage loans. This represents 2.2K loans, or about 8.5% of the total home value in the county. The median mortgage rate across the county varies significantly, with Moline having the highest rate at 3.82%, and Milan having the lowest rate at 3.09%. This variation in rates can be attributed to the different economic and housing markets in each city.
Overall, Rock Island County has a relatively high amount of outstanding home mortgage loans, and the median mortgage rate across the county is slightly higher than the national average. This indicates that the county is a popular destination for home buyers, and that the local housing market is strong. With the variation in rates across cities, it is important for potential home buyers to do their research and compare rates in order to get the best deal.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Rock Island County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| East Moline | $28,729 | $39,206 | $66,393 | $108,647 | $140,962 |
| Milan | $42,783 | $98,889 | $180,845 | $342,140 | $391,017 |
| Moline | $26,456 | $46,990 | $66,964 | $119,589 | $190,665 |
| Rock Island | $44,657 | $67,334 | $96,480 | $130,626 | $192,176 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Rock Island County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| East Moline | 2.88% | 3.25% | 3.78% | 4.66% | 5.43% |
| Milan | 2.70% | 2.99% | 3.09% | 4.47% | 5.36% |
| Moline | 2.79% | 3.12% | 3.82% | 4.70% | 5.27% |
| Rock Island | 2.75% | 3.10% | 3.75% | 4.50% | 5.10% |
Housing Expenses in Rock Island County, Illinois
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