Moline, Illinois Property Taxes
The median property tax rate in Moline, IL is 2.99%, considerably higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Moline, the typical annual property tax bill reaches $2,685, closely aligning with the national median of $2,690. Property taxes in Moline are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moline's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Moline or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moline, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.99%
Estimate Property Tax Bill
$2,854
$2,789
Ownwell’s Moline Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moline to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Moline, Illinois
Property taxes in Moline, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moline is 2.99%, significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Moline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moline estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Moline's effective property tax rate to other areas in Illinois and the national median. For comparison, the 61244 zip code has the highest median property tax rate of 3.25%, while the 61265 zip code has the lowest median tax rate of 2.99%. Understanding how these cities compare with Moline provides valuable insights into the varying tax landscape across Rock Island County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moline Tax Rate
2.99%
Average Rock Island County Tax Rate
2.90%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moline, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61244 | 2.59% | 2.91% | 3.25% | 3.53% | 4.26% |
| 61265 | 2.06% | 2.40% | 2.99% | 3.03% | 3.03% |
Source: Ownwell
Property Tax Assessment Values Across Moline, Illinois
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Moline, Illinois. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Rock Island County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Moline, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Moline is $3,033 in the 61244 zip code, while the lowest is $2,685 in the 61265 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moline Assessed Value
$95,445
Average Rock Island County Assessed Value
$104,406
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moline, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61244 | $32,524 | $66,262 | $105,849 | $146,965 | $196,031 |
| 61265 | $55,467 | $72,357 | $95,445 | $145,763 | $199,593 |
Source: Ownwell
Property Tax Bills Across Moline, Illinois
In Moline, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the market value of the property. The tax rate, known as the millage rate, is then applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of similar properties in the area. Homeowners in Moline can expect a wide range of property tax bills. For example, the 25th percentile tax bill is around $1,976, while the 75th percentile tax bill can reach up to $3,877. The highest median tax bill in the area is $3,033 in the 61244 zip code, whereas the lowest median tax bill is $2,685 in the 61265 zip code. These variations can significantly impact homeowners, potentially affecting their budgeting and financial planning. Compared to the national median property tax rate of 0.99%, Moline's rates reflect the local market and community needs.
Average Moline Tax Bill
$2,685
Average Rock Island County Tax Bill
$2,928
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Moline, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61244 | $1,148 | $1,688 | $3,033 | $5,426 | $8,285 |
| 61265 | $1,304 | $1,977 | $2,685 | $3,866 | $5,376 |
Source: Ownwell