Milan, Rock Island County, Illinois Property Taxes

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

Median Milan, IL effective property tax rate: 3.21%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Milan, IL home value: $117,102
Median annual Milan, IL tax bill: $3,870, $1,470 higher than the national median property tax bill of $2,400.

How are property taxes in Rock Island calculated?

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

Last Updated March 1, 2025

Milan, Rock Island County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.21%

Estimate Property Tax Bill

$3,759

$3,488

Ownwell’s Milan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Milan with just two data points.

By entering your property's estimated assessed value, our calculator applies Milan’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 Milan, Rock Island County, Illinois

Local government entities set property tax rates, and these can vary significantly within a state. Each county annually determines its budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the essence of the annual process. In Milan, located in Rock Island County, Illinois, the effective property tax rate is notably higher than the national median of 1.02%. This places a significant financial demand on property owners compared to other areas in the state and nationwide. Despite this, Milan's rate aligns with the highest and lowest median tax rates within its zip code, indicating a consistent tax approach in the region. Comparing Milan’s effective property tax rate to other cities within Illinois and the national median provides valuable insights for property owners. Understanding these differences can help residents make informed decisions about property investments and financial planning.

Property Tax Rates Across Milan, 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 Milan Tax Rate

3.21%

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 Milan, Rock Island County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61264	2.50%	2.83%	3.21%	3.26%	3.75%

Source: Ownwell

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

When examining property taxes in Milan, 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 April. 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 Milan. For example, the median home price in Milan is $117,102, with tax bills ranging significantly across the county. ZIP code 61264 has the highest median home price at $117,102.

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

Source: Ownwell

$90,532

$149,002

$207,472

Median Milan Market Value

$117,102

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 Milan, Rock Island County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61264	$53,838	$76,758	$117,102	$186,795	$278,832

Source: Ownwell

Property Tax Bills Across Milan, Rock Island County, Illinois

In Milan, located in Rock Island County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in the area is $117,102. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Milan, the median property tax bill stands at $3,870, significantly higher than the national median of $2,400. Factors influencing the tax bill include property size, location, and local government budgets. Homeowners in Milan often face tax bills ranging from $2,509 at the 25th percentile to $8,949 at the 90th percentile, indicating variability based on property specifics. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing individual assessments and market conditions, Ownwell identifies opportunities for tax reductions, potentially saving homeowners a substantial amount on their annual tax bills. This service can alleviate the financial burden and ensure that homeowners are not overpaying on their property taxes.

Property Tax Bills Across Milan, Rock Island County, Illinois

Source: Ownwell

$2,685

$5,367

$8,048

Median Milan Tax Bill

$3,870

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 Milan, Rock Island County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61264	$1,838	$2,509	$3,870	$5,919	$8,949

Source: Ownwell