Illinois City, Rock Island County, Illinois Property Taxes

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

Median ILLINOIS CITY, IL effective property tax rate: 3.04%, significantly higher than the national median of 1.02%, but lower than the IL state median of 2.35%.
Median ILLINOIS CITY, IL home value: $141,147
Median annual ILLINOIS CITY, IL tax bill: $4,359, $1,959 higher than the national median property tax bill of $2,400.

How are property taxes in Rock Island calculated?

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

Last Updated March 1, 2025

Illinois City, Rock Island County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.04%

Estimate Property Tax Bill

$4,291

$3,982

Ownwell’s ILLINOIS CITY Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in ILLINOIS CITY with just two data points. By entering your property's estimated assessed value, our calculator applies ILLINOIS CITY’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Illinois City, Rock Island County, Illinois

Local government entities set tax rates, which can vary significantly within a state. Each county estimates its required budget to provide services annually 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. In Illinois City, located in Rock Island County, the effective property tax rate stands out compared to other cities in Illinois and the nation. With a median property tax rate of 3.04%, Illinois City's rate is notably higher than the national median of 1.02%. This discrepancy highlights the importance of understanding local tax dynamics. The property tax bill in Illinois City can be a significant financial consideration for homeowners, especially when compared to the national median property tax bill of $2,400. Such high rates underscore the value of seeking professional property tax consulting services to explore potential savings through appeals or exemptions.

Property Tax Rates Across Illinois City, 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 Illinois City Tax Rate

3.04%

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 Illinois City, Rock Island County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61259	2.49%	2.72%	3.04%	3.40%	3.73%

Source: Ownwell

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

When examining property taxes in Illinois City, IL, 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. Assessment notices: 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 Illinois City. For example, the median home price in Illinois City is $141,147, with tax bills ranging significantly across the county. 61259 has the highest median home price at $141,147.

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

Source: Ownwell

$90,532

$149,002

$207,472

Median Illinois City Market Value

$141,147

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 Illinois City, Rock Island County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61259	$79,070	$106,543	$141,147	$180,300	$239,754

Source: Ownwell

Property Tax Bills Across Illinois City, Rock Island County, Illinois

In Illinois City, Rock Island County, property tax bills are calculated based on the assessed value of a home, typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in this region, the median home price is $141,147, with property tax bills ranging significantly. The 25th percentile tax bill is $3,164, while the 75th percentile reaches $5,964, and the 90th percentile soars to $7,619. The median property tax bill in the area is $4,359, notably higher than the national median of $2,400. High property taxes can place a substantial financial burden on homeowners. However, Ownwell can help by offering expert property tax appeal services. By analyzing property assessments and identifying potential discrepancies, Ownwell can assist homeowners in reducing their tax liabilities, ensuring they pay only their fair share. This can lead to significant savings and relieve the financial pressure associated with high property tax bills.

Property Tax Bills Across Illinois City, Rock Island County, Illinois

Source: Ownwell

$2,685

$5,367

$8,048

Median Illinois City Tax Bill

$4,359

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 Illinois City, Rock Island County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61259	$2,307	$3,164	$4,359	$5,964	$7,619

Source: Ownwell