Rock Island, Rock Island County, Illinois Property Taxes
Median Rock Island, IL effective property tax rate: 2.86%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Rock Island, IL home value: $103,203
Median annual Rock Island, IL tax bill: $2,852, $452 higher than the national median property tax bill of $2,400.
How are property taxes in Rock Island calculated?
Property taxes in Rock Island, 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 Rock Island’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rock Island, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rock Island, Rock Island County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.86%
Estimate Property Tax Bill
$2,952
$2,739
Property Tax Rates Across Rock Island, Rock Island County, Illinois
Local government entities set tax rates, which can vary widely within a state. 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.
In Rock Island, IL, property owners face a distinct landscape. The city's effective property tax rate stands as a significant figure when compared to other cities in Illinois. It's important to note that while the national median property tax rate is 1.02%, Rock Island's rate is notably higher. This can translate into a substantial difference in the annual property tax bill, considering the national median bill is $2,400. Such figures highlight the importance of understanding local tax obligations and the potential benefits of appealing property tax assessments. For property owners in Rock Island, navigating these rates can be crucial in managing expenses and ensuring fair taxation.
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 Rock Island Tax Rate
2.86%
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 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 Rock Island, Rock Island County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61201 | 1.89% | 2.49% | 2.86% | 3.41% | 3.41% |
Source: Ownwell
Property Tax Assessment Values Across Rock Island, Rock Island County, Illinois
When examining property taxes in Rock Island, 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 March. 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 Rock Island. For example, the median home price in Rock Island is $103,203, with tax bills ranging significantly across the county. 61201 has the highest median home price at $103,203.
Property Tax Assessment Values Across Rock Island, Rock Island County, Illinois
Source: Ownwell
$90,532
$149,002
$207,472
Median Rock Island Market Value
$103,203
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 Rock Island, Rock Island County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61201 | $46,394 | $71,828 | $103,203 | $140,298 | $190,063 |
Source: Ownwell
Property Tax Bills Across Rock Island, Rock Island County, Illinois
In Rock Island, IL, 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 then multiplied by the local tax rate to determine the annual tax bill. In Rock Island County, the median tax bill is $2,852, which is higher than the national median of $2,400. Factors such as property improvements and neighborhood trends can influence the assessed value, potentially increasing the tax burden on homeowners. For homeowners in Rock Island, this means that a significant portion of their budget may go towards property taxes, affecting their overall financial planning.
Ownwell offers expert property tax appeal services to help homeowners reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can advocate for a fairer valuation. This can result in substantial savings, especially for those with tax bills in the upper percentiles, such as the 90th percentile where bills can reach $5,658. With Ownwell's assistance, homeowners can ensure they are not overpaying on their property taxes.
Property Tax Bills Across Rock Island, Rock Island County, Illinois
Source: Ownwell
$2,685
$5,367
$8,048
Median Rock Island Tax Bill
$2,852
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 Rock Island, Rock Island County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61201 | $1,024 | $1,846 | $2,852 | $4,025 | $5,658 |
Source: Ownwell