60935 Property Tax Rate

Property owners in ZIP code 60935 (Essex, Illinois) pay a median of $4,052/year in property taxes on homes valued at $245,900. This translates to an effective tax rate of 1.65%, which is 12% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 60935 is approximately $338, which factors into escrow payments on mortgages. This ZIP code is located within Kankakee County. This is $551 more than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 60935 has higher property taxes. ZIP codes with similar effective rates include 62022 (1.65%) and 61242 (1.65%).

In Essex, property taxes represent approximately 3.8% of the median household income of $105,391, providing context for the relative tax burden on homeowners in this area.

Illinois restricts assessed value growth to 7% per year, but Kankakee County properties reassess to market value at sale. Apply for Kankakee County's General Homestead Exemption ($10,000 off assessed value) with the Kankakee County Assessor by the deadline on your assessment notice to reduce your taxable burden. File your exemption claim with the Kankakee County Assessor within 30 days of closing to secure the reduction.