Annawan, Henry County, Illinois Property Taxes
Property Taxes in Annawan, Illinois
Median Annawan, Illinois effective property tax rate: 2.22%, significantly lower than the national median of 1.02%, and lower than the Illinois state median of 2.33%.
Median Annawan, Illinois home value: $143,439
Median annual Annawan, Illinois tax bill: $2,964, higher than the national median property tax bill of $2,400.
How are property taxes in Henry calculated?
Property taxes in Annawan, Illinois 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 Annawan's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Annawan, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Annawan, Henry County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.22%
Estimate Property Tax Bill
$3,184
$2,955
How Does the Annawan Property Tax Calculator Work?
Use this Annawan property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Annawan's median effective tax rate of 2.22% — based on actual property records in Henry County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Annawan's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Annawan: rates range from 2.22% in 61234 to 2.22% in 61234, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Annawan.
About Annawan Property Taxes
About Property Taxes in Annawan, Henry, Illinois
Annawan’s median effective property tax rate of 2.22% is lower than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Henry County base levy combined with local school district levies and special service areas that vary by subdivision throughout the city.
Property tax rates are not uniform across Annawan. Homeowners in ZIP code 61234 carry a median effective rate of 2.22%, while those in 61234 pay 2.22%. This spread reflects how school district boundaries and local assessment districts are drawn across Henry County.
Annawan homeowners who believe their assessed value is too high can file a formal appeal with the Henry County Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Annawan, Henry County, Illinois
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Annawan's effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S.
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 Annawan Tax Rate
2.22%
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 Henry County Tax Rate
2.16%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Annawan, Henry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61234 | 1.55% | 2.00% | 2.22% | 2.37% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Annawan, Henry County, Illinois
When examining property taxes in Annawan, 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 Henry 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 Henry County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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. For example, the median home price in Annawan is $143,439, with tax bills ranging significantly across the county. ZIP code 61234 has the highest median home price at $143,439.
Property Tax Assessment Values Across Annawan, Henry County, Illinois
Source: Ownwell
$61,581
$177,236
$292,890
Median Annawan Market Value
$143,439
Median Henry County Market Value
$132,510
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Annawan, Henry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61234 | $70,096 | $98,742 | $143,439 | $207,816 | $315,656 |
Source: Ownwell
Property Tax Bills Across Annawan, Henry County, Illinois
Property tax bills in Annawan are calculated by applying the local tax rate to a home’s assessed value, not its market price. The assessed value is based on the property’s taxable worth, and local taxing authorities use that figure to determine how much each homeowner owes. Factors such as the home’s location, the services funded by property taxes, and the overall tax rate in Henry County all play a role in the final bill.
For many homeowners, this means the tax bill can vary widely even among homes with similar market values. In Annawan, the median property tax bill is $2,964, which is above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%. Bills in the area also range from $1,968 at the 25th percentile to $7,213 at the 90th percentile, showing how much local assessments and tax rates can affect what homeowners pay.
Median Annawan Tax Bill
$2,964
Median Henry County Tax Bill
$2,832
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Annawan, Henry County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 61234 | $1,089 | $1,968 | $2,964 | $4,640 | $7,213 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Henry Tax Assessor | |
| Website | henryil.devnetwedge.com |