Iroquois, Iroquois County, Illinois Property Taxes
Median Iroquois, IL effective property tax rate: 2.90%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Iroquois, IL home value: $35,160
Median annual Iroquois, IL tax bill: $1,020, $1,380 lower than the national median property tax bill of $2,400.
How are property taxes in Iroquois calculated?
Property taxes in Iroquois, 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 Iroquois’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Iroquois, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Iroquois, Iroquois County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.9%
Estimate Property Tax Bill
$1,020
$946
Ownwell’s Iroquois Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Iroquois with just two data points.
By entering your property's estimated assessed value, our calculator applies Iroquois’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 Iroquois, Iroquois County, Illinois
Local government entities establish tax rates that can differ significantly within a state. This variation occurs because annually, each county calculates its necessary budget to provide essential services and divides that by the total value of all taxable property in its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Iroquois County, IL, the effective property tax rate is notably higher than the national median. When comparing Iroquois to other cities in Illinois and across the U.S., it's evident that property owners in Iroquois face a heavier tax burden. The median property tax rate in Illinois is also above the national median, making it crucial for property owners in Iroquois to explore potential tax reductions. Understanding these rates can help homeowners make informed decisions about appealing their property taxes and seeking exemptions. By doing so, they can potentially alleviate some of the financial pressure associated with property ownership in this region.
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 Iroquois Tax Rate
2.90%
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 Iroquois County Tax Rate
2.59%
Median Effective Illinois Tax Rate
2.35%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Iroquois, Iroquois County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60945 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Iroquois, Iroquois County, Illinois
When examining property taxes in Iroquois, 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 Iroquois. For example, the median home price in Iroquois is $35,160, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Iroquois, Iroquois County, Illinois
Source: Ownwell
$79,238
$114,214
$149,190
Median Iroquois Market Value
$35,160
Median Iroquois County Market Value
$114,710
Median Illinois Market Value
$194,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Iroquois, Iroquois County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60945 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Iroquois, Iroquois County, Illinois
In Iroquois, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and home improvements. For example, with a median home price of $35,160, homeowners might expect a tax bill between the 25th percentile of $786 and the 75th percentile of $1,449. This range indicates how property taxes can vary significantly based on the property's characteristics and the local tax rate.
Homeowners in Iroquois may find their tax bills higher than the national median property tax bill of $2,400 when considering the local tax rate. This can be a financial burden, especially if the assessed value does not accurately reflect the market value. Ownwell offers property tax appeal services to help homeowners potentially lower their tax bills. By analyzing the property's assessed value and comparing it with similar properties, Ownwell can identify discrepancies and assist in filing an appeal, ultimately helping homeowners save money.
Median Iroquois Tax Bill
$1,020
Median Iroquois County Tax Bill
$3,017
Median Illinois Tax Bill
$4,715
Median United States Tax Bill
$2,400
Property Tax Bills Across Iroquois, Iroquois County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60945 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell