61345 Property Tax Rate

Property owners in ZIP code 61345 (Neponset, Illinois) pay a median of $1,408/year in property taxes on homes valued at $99,200. This translates to an effective tax rate of 1.42%, which is 24% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 61345 is approximately $117, which factors into escrow payments on mortgages. This ZIP code is located within Bureau County. This is $2,093 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 61345 has lower property taxes. ZIP codes with similar effective rates include 62363 (1.42%) and 61475 (1.42%).

In Neponset, property taxes represent approximately 1.7% of the median household income of $82,500, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 61345, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Bureau County's tax assessor directly.