Reynolds, Rock Island County, Illinois Property Taxes

Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

Reynolds, located in Rock Island County, Illinois, presents an interesting case with its property tax rate. The effective property tax rate in Reynolds is notably higher than the national median of 1.02%. This rate also stands out when compared to other cities within Illinois, placing Reynolds among the cities with the highest property tax rates in the state. Despite the high rate, the uniformity across the region suggests a consistent approach to budgeting and taxation within Rock Island County. Understanding these dynamics can help property owners in Reynolds and the surrounding areas better anticipate their property tax obligations and consider potential savings through appeals or exemptions.

In Reynolds, located in Rock Island County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is determined by the county assessor. Homeowners in Reynolds face a median property tax bill of $4,745, significantly higher than the national median of $2,400. The tax bill can vary widely, with the 25th percentile at $3,780 and the 75th percentile reaching $6,795. Several factors influence the tax bill, including changes in market conditions, local government budgets, and voter-approved measures. High property taxes can be burdensome for homeowners, impacting their financial planning and homeownership costs.

Ownwell offers expert property tax appeal services to help homeowners in Reynolds potentially lower their tax bills. By analyzing property assessments and market data, Ownwell identifies opportunities for tax reductions. Their team of professionals guides homeowners through the appeal process, ensuring accurate assessments and fair taxation, ultimately helping to alleviate the financial strain of high property taxes.