Cordova, Rock Island County, Illinois Property Taxes

Name: Property Tax Bills Across Cordova, Rock Island County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cordova, IL effective property tax rate: 2.47%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Cordova, IL home value: $137,931
Median annual Cordova, IL tax bill: $3,695, $1,295 higher than the national median property tax bill of $2,400.

How are property taxes in Rock Island calculated?

Property taxes in Cordova, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Cordova’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cordova, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cordova, Rock Island County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.47%

Estimate Property Tax Bill

$3,407

$3,162

Ownwell’s Cordova Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cordova with just two data points. By entering your property's estimated assessed value, our calculator applies Cordova’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Rock Island County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cordova, Rock Island County, Illinois

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Cordova’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Cordova, situated in Rock Island County, has an effective property tax rate of 2.47%. This rate is significantly higher than the national median property tax rate of 1.02%. The median property tax bill in Cordova also tends to be higher than the national median of $2400. This can be attributed to the county's budgeting needs and the overall value of taxable property. Understanding these factors can help property owners anticipate their tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Cordova, Rock Island County, Illinois

Source: Ownwell

2.47%

2.84%

3.21%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cordova Tax Rate

2.47%

Median Effective Rock Island County Tax Rate

2.90%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cordova, Rock Island County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61242	1.76%	2.03%	2.47%	2.81%	3.31%

Source: Ownwell

Property Tax Assessment Values Across Cordova, Rock Island County, Illinois

When examining property taxes in Cordova, Illinois, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Rock Island County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Rock Island County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cordova.

For example, the median home price in Cordova is $137,931, with tax bills ranging significantly across the county. 61242 has the highest median home price at $137,931.

Property Tax Assessment Values Across Cordova, Rock Island County, Illinois

Source: Ownwell

$90,532

$149,002

$207,472

Median Cordova Market Value

$137,931

Median Rock Island County Market Value

$104,406

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cordova, Rock Island County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61242	$66,776	$100,994	$137,931	$188,618	$283,520

Source: Ownwell

Property Tax Bills Across Cordova, Rock Island County, Illinois

In Cordova, located in Rock Island County, IL, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Homeowners in Cordova face property tax bills that can vary significantly, with the 25th percentile at $2,303 and the 75th percentile reaching $5,526. This variance is influenced by factors such as property location, size, and any applicable exemptions. Notably, the highest median tax bill in the area is $3,695, which is above the national median of $2,400. This can pose a financial challenge for homeowners, especially those with limited budgets. Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing individual assessments and identifying potential errors or overlooked exemptions, Ownwell can help homeowners reduce their tax burden, ensuring they pay only their fair share and potentially saving them thousands of dollars annually.

Property Tax Bills Across Cordova, Rock Island County, Illinois

Source: Ownwell

$2,685

$5,367

$8,048

Median Cordova Tax Bill

$3,695

Median Rock Island County Tax Bill

$2,928

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Cordova, Rock Island County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61242	$1,561	$2,303	$3,695	$5,526	$10,024

Source: Ownwell