Donovan, Iroquois County, Illinois Property Taxes
Property Taxes in Donovan, Illinois
Median Donovan, Illinois effective property tax rate: 3.28%, significantly higher than the national median of 1.02%, and higher than the Illinois state median of 2.33%.
Median Donovan, Illinois home value: $135,660
Median annual Donovan, Illinois tax bill: $4,554, higher than the national median property tax bill of $2,400.
How are property taxes in Iroquois calculated?
Property taxes in Donovan, 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 Donovan's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Donovan, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Donovan, Iroquois County, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.28%
Estimate Property Tax Bill
$4,450
$4,129
How Does the Donovan Property Tax Calculator Work?
Use this Donovan property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Donovan's median effective tax rate of 3.28% — based on actual property records in Iroquois County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal 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 Donovan'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 Donovan: rates range from 3.28% in 60931 to 3.28% in 60931, 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 Donovan.
About Donovan Property Taxes
About Property Taxes in Donovan, Iroquois, Illinois
Donovan’s median effective property tax rate of 3.28% is higher than the Illinois state median of 2.33% and higher than the national median of 1.02%. This rate reflects the Iroquois 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 Donovan. Homeowners in the 60931 ZIP code carry a median effective rate of 3.28%, while those in the lowest ZIP pay 3.28%. This spread reflects how school district boundaries and local assessment districts are drawn across Iroquois County. Understanding which part of Donovan you live in can make a meaningful difference to your annual tax bill.
Donovan homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the June 1, 2026 deadline each year.
If your estimated bill above 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 Donovan, Iroquois 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 Donovan'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 Ă· 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 Donovan Tax Rate
3.28%
Our median effective property tax rate (tax bill Ă· 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
2.86%
Median Effective Illinois Tax Rate
2.33%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Donovan, Iroquois County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60931 | 2.47% | 2.70% | 3.28% | 3.98% | 4.76% |
Source: Ownwell
Property Tax Assessment Values Across Donovan, Iroquois County, Illinois
When examining property taxes in Donovan, 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 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.
Assessment notices:
In Iroquois County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Donovan homeowners, the median home price is $135,660, and the median tax bill is $4,554, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400.
Property Tax Assessment Values Across Donovan, Iroquois County, Illinois
Source: Ownwell
$83,658
$117,924
$152,190
Median Donovan Market Value
$135,660
Median Iroquois County Market Value
$113,187
Median Illinois Market Value
$227,888
Median United States Market Value
$235,294
Property Tax Assessment Values Across Donovan, Iroquois County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60931 | $39,342 | $94,138 | $135,660 | $197,584 | $290,631 |
Source: Ownwell
Property Tax Bills Across Donovan, Iroquois County, Illinois
Property tax bills in Donovan are based on the assessed value of a home, not its market price alone. Local taxing authorities apply the tax rate to that assessed value, and the final bill reflects how much of the total tax burden is assigned to the property.
Several factors can affect the amount homeowners pay, including the home’s assessed value, local tax rates, and how those rates are distributed across county and municipal services. With a median home price of $135,660, property taxes can still vary widely from one household to another.
In Donovan, the median property tax bill is $4,554, which is well above the national median property tax bill of $2,400 and also above the national median property tax rate of 1.02%. Bills can range much higher, with the 25th percentile at $2,831 and the 75th percentile at $7,722. For some homeowners, that means property taxes can take a meaningful bite out of monthly housing costs and overall affordability.
Median Donovan Tax Bill
$4,554
Median Iroquois County Tax Bill
$3,480
Median Illinois Tax Bill
$5,277
Median United States Tax Bill
$2,400
Property Tax Bills Across Donovan, Iroquois County, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 60931 | $1,908 | $2,831 | $4,554 | $7,722 | $10,714 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 1 |
Links | |
|---|---|
| Iroquois Tax Assessor | |
| Website | iroquoisil.devnetwedge.com |