62214 Property Tax Rate

Property owners in ZIP code 62214 (Addieville, Illinois) pay a median of $2,797/year in property taxes on homes valued at $175,300. This translates to an effective tax rate of 1.60%, which is 15% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62214 is approximately $233, which factors into escrow payments on mortgages. This ZIP code is located within Washington County. This is $704 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62214 has higher property taxes. ZIP codes with similar effective rates include 62462 (1.60%) and 61942 (1.59%).

In Addieville, property taxes represent approximately 2.7% of the median household income of $102,222, providing context for the relative tax burden on homeowners in this area.

Under Illinois's 7% annual assessment cap, your property tax cannot increase faster than 7% per year even if market values surge, shielding you from dramatic bill spikes. The General Homestead Exemption ($10,000 reduction in assessed value) is available to all owner-occupants in Washington County and cuts taxes by roughly $160–$280 yearly. File your homestead exemption claim with the Washington County Assessor within one month of closing to ensure it takes effect on your first tax bill.