60531 Property Tax Rate

Property owners in ZIP code 60531 (Leland, Illinois) pay a median of $4,828/year in property taxes on homes valued at $225,800. This translates to an effective tax rate of 2.14%, which is 14% above the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 60531 is approximately $402, which factors into escrow payments on mortgages. This ZIP code is located within LaSalle County. This is $1,327 more than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 60531 has higher property taxes. ZIP codes with similar effective rates include 60072 (2.14%) and 60176 (2.14%).

In Leland, property taxes represent approximately 6.2% of the median household income of $77,672, providing context for the relative tax burden on homeowners in this area.

Illinois limits assessed value growth to 7% per year under state law, though LaSalle County properties reassess to purchase price at sale. File for LaSalle County's General Homestead Exemption ($10,000 reduction in assessed value) with the LaSalle County Assessor by the deadline shown on your assessment notice. Register your exemption with the LaSalle County Assessor immediately after closing to ensure it applies to your first tax bill.