60553 Property Tax Rate
Steward, Illinois · Part of Lee County
Effective Tax Rate
2.13%
5.5% above state avgMedian Annual Tax
$3,692
$308/mo escrow
Estimate Your Tax
Annual Tax
$3,692
Monthly
$308
Eff. Rate
2.13%
How ZIP 60553 Compares
Median Annual Property Tax
ZIP 60553
2.13%
Effective rate
Illinois Avg
1.88%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Illinois
Higher than 71% of ZIP codes in Illinois(71th percentile, 1,317 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 60553
Property owners in ZIP code 60553 (Steward, Illinois) pay a median of $3,692/year in property taxes on homes valued at $173,200. This translates to an effective tax rate of 2.13%, which is 14% above the Illinois state average of 1.88%.
The monthly property tax burden for a median-valued home in 60553 is approximately $308, which factors into escrow payments on mortgages. This ZIP code is located within Lee County.
Compared to similar ZIP codes in Illinois, 60553 has higher property taxes. ZIP codes with similar effective rates include 61725 (2.13%) and 61427 (2.13%).
In Steward, property taxes represent approximately 3.3% of the median household income of $110,938, providing context for the relative tax burden on homeowners in this area.
Illinois caps annual assessment increases at 7%, though Lee County reassesses to market value upon sale. Lee County's General Homestead Exemption removes $10,000 from assessed value — submit your application to the Lee County Assessor by the filing deadline on your Supervisor's Notice. Contact the Lee County Assessor within 30 days of purchase to file your exemption and lock in your base year value.
Frequently Asked Questions
What is the property tax rate in ZIP code 60553?
How much are property taxes in Steward, IL (60553)?
How does ZIP 60553 compare to the Illinois average?
What is the median home value in ZIP 60553?
What county is ZIP code 60553 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$996. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 60553 is part of Lee County, Illinois. View the full county profile for broader context and more data.
View Lee County on TaxByCounty →Similar ZIP Codes in Illinois
61725
-0.00%Carlock
2.13%
$4,722/yr
61427
-0.00%Cuba
2.13%
$2,265/yr
60546
+0.00%Riverside
2.13%
$8,053/yr
62712
+0.00%Springfield
2.13%
$5,211/yr
61570
-0.00%Washburn
2.13%
$2,342/yr
62644
+0.00%Havana
2.13%
$2,235/yr
60160
+0.00%Melrose Park
2.14%
$5,660/yr
60304
-0.00%Oak Park
2.13%
$10,001/yr
61370
-0.00%Tonica
2.13%
$3,261/yr
61477
+0.00%Smithfield
2.14%
$2,333/yr
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.