60538 Property Tax Rate

Property owners in ZIP code 60538 (Montgomery, Illinois) pay a median of $6,219/year in property taxes on homes valued at $253,900. This translates to an effective tax rate of 2.45%, which is 30% above the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 60538 is approximately $518, which factors into escrow payments on mortgages. This ZIP code is located within Kendall County. This is $2,718 more than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 60538 has lower property taxes. ZIP codes with similar effective rates include 60552 (2.45%) and 61501 (2.45%).

In Montgomery, property taxes represent approximately 6.8% of the median household income of $92,064, providing context for the relative tax burden on homeowners in this area.

Illinois caps assessed value increases at 7% annually, but Kendall County reassesses to market value at sale. Submit your General Homestead Exemption application ($10,000 off assessed value) to the Kendall County Assessor by the deadline on your Supervisor's Notice to reduce your taxable value. Contact the Kendall County Assessor within 30 days of purchase to file your exemption and confirm your base year value.