62320 Property Tax Rate

Property owners in ZIP code 62320 (Camp Point, Illinois) pay a median of $2,382/year in property taxes on homes valued at $169,300. This translates to an effective tax rate of 1.41%, which is 25% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62320 is approximately $199, which factors into escrow payments on mortgages. This ZIP code is located within Adams County. This is $1,119 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62320 has lower property taxes. ZIP codes with similar effective rates include 62414 (1.41%) and 62638 (1.41%).

In Camp Point, property taxes represent approximately 3.1% of the median household income of $77,750, providing context for the relative tax burden on homeowners in this area.

Illinois's 7% annual cap on assessed value increases ensures your property tax grows predictably and cannot spiral upward with market trends. Adams County's General Homestead Exemption ($10,000 assessed value reduction) cuts taxes by approximately $156–$312 per year for owner-occupied homes. Register your homestead exemption with the Adams County Assessor's office within one month of closing to secure this tax break.