Danforth, Iroquois County, Illinois Property Taxes

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

Median Danforth, IL effective property tax rate: 2.38%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Danforth, IL home value: $137,016
Median annual Danforth, IL tax bill: $3,444, $1,044 higher than the national median property tax bill of $2,400.

How are property taxes in Iroquois calculated?

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

Last Updated March 1, 2025

Danforth, Iroquois County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.38%

Estimate Property Tax Bill

$3,261

$3,026

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

Property Tax Rates Across Danforth, Iroquois 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 Danforth’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S. Danforth, located in Iroquois County, has a median property tax rate of 2.38%, which is significantly higher than the national median property tax rate of 1.02%. This places Danforth among the higher property tax areas in Illinois. The effective tax rate in Danforth is also higher than the national median property tax bill of $2400, reflecting the higher rates in this region. Understanding these rates can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Danforth, Iroquois County, Illinois

Source: Ownwell

2.29%

2.65%

3.01%

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 Danforth Taxx Rate

2.38%

Median Effective Iroquois County Taxx Rate

2.59%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Danforth, Iroquois County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
60930	1.58%	1.80%	2.38%	2.70%	2.93%

Source: Ownwell

Property Tax Assessment Values Across Danforth, Iroquois County, Illinois

When examining property taxes in Danforth, 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 Iroquois 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 Iroquois 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 Danforth. For example, the median home price in Danforth is $137,016, with tax bills ranging significantly across the county. Zip code 60930 has the highest median home price at $137,016.

Property Tax Assessment Values Across Danforth, Iroquois County, Illinois

Source: Ownwell

$79,238

$114,214

$149,190

Median Danforth Market Value

$137,016

Median Iroquois County Market Value

$114,710

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Danforth, Iroquois County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
60930	$46,920	$91,158	$137,016	$194,360	$304,010

Source: Ownwell

Property Tax Bills Across Danforth, Iroquois County, Illinois

In Danforth, located in Iroquois County, IL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as local government budgets, school district funding needs, and public service requirements can influence the tax rate. Homeowners in Danforth face a median property tax bill of $3,444, which is above the national median of $2,400, making it a significant expense for many. This can impact homeowners' finances, often leading them to seek ways to reduce their tax burden.

Ownwell offers a solution by providing professional property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell helps homeowners potentially lower their tax bills. Through expert guidance and support, Ownwell aims to secure a fair property tax assessment, ensuring homeowners in Danforth pay only what is necessary, thereby easing their financial load.

Property Tax Bills Across Danforth, Iroquois County, Illinois

Source: Ownwell

$2,117

$3,220

$4,322

Median Danforth Tax Bill

$3,444

Median Iroquois County Tax Bill

$3,017

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Danforth, Iroquois County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
60930	$1,153	$1,945	$3,444	$5,217	$8,142

Source: Ownwell