62046 Property Tax Rate
Hamel, Illinois · Part of Madison County
Effective Tax Rate
1.99%
30.6% above state avgMedian Annual Tax
$4,573
$381/mo escrow
Estimate Your Tax
Annual Tax
$4,573
Monthly
$381
Eff. Rate
1.99%
Buyer decision brief
What ZIP 62046 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$381/mo
Based on median annual tax paid
State context
0.11 percentage points above the Illinois average
Illinois average: 1.88%
Data confidence
Moderate confidenceThe Census margin of error is $857, about 19% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Madison County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 62046 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Moderate ACS confidence
$857 tax MOE, 19% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County context only
Madison County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 62046
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $229,600, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 1.99%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Illinois and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $381 per month before insurance, HOA dues, or special assessments.
Assessor verification
Madison County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 62046 Compares
Median Annual Property Tax
ZIP 62046
1.99%
Effective rate
Illinois Avg
1.88%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Illinois
Higher than 60% of ZIP codes in Illinois(60th percentile, 1,317 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 62046
Property owners in ZIP code 62046 (Hamel, Illinois) pay a median of $4,573/year in property taxes on homes valued at $229,600. This translates to an effective tax rate of 1.99%, which is 6% above the Illinois state average of 1.88%.
The monthly property tax burden for a median-valued home in 62046 is approximately $381, which factors into escrow payments on mortgages. This ZIP code is located within Madison County. This is $1,072 more than the Illinois average of $3,501/year.
Compared to similar ZIP codes in Illinois, 62046 has lower property taxes. ZIP codes with similar effective rates include 61341 (1.99%) and 61853 (1.99%).
In Hamel, property taxes represent approximately 4.7% of the median household income of $96,750, providing context for the relative tax burden on homeowners in this area.
If you're considering purchasing a home in 62046, 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 Madison County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 62046?
How much are property taxes in Hamel, IL (62046)?
How does ZIP 62046 compare to the Illinois average?
What is the median home value in ZIP 62046?
What county is ZIP code 62046 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$857. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 62046 is part of Madison County, Illinois. View the full county profile for broader context and more data.
View Madison County on TaxByCounty →Why compare these ZIPs?
Better comparison set for ZIP 62046
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
62048
Hartford, IL
0.69 percentage points lower than ZIP 62046.
Rate
1.30%
Tax
$858
Quality
67
62058
Livingston, IL
0.61 percentage points lower than ZIP 62046.
Rate
1.38%
Tax
$1,403
Quality
77
62084
Roxana, IL
0.58 percentage points lower than ZIP 62046.
Rate
1.41%
Tax
$1,468
Quality
82
62018
Cottage Hills, IL
0.58 percentage points lower than ZIP 62046.
Rate
1.41%
Tax
$1,109
Quality
77
62021
Dorsey, IL
0.55 percentage points lower than ZIP 62046.
Rate
1.44%
Tax
$3,995
Quality
77
62074
New Douglas, IL
0.50 percentage points lower than ZIP 62046.
Rate
1.49%
Tax
$3,929
Quality
77
62090
Venice, IL
0.33 percentage points lower than ZIP 62046.
Rate
1.66%
Tax
$825
Quality
71
62001
Alhambra, IL
0.30 percentage points lower than ZIP 62046.
Rate
1.69%
Tax
$3,535
Quality
77
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.