62376 Property Tax Rate

Property owners in ZIP code 62376 (Ursa, Illinois) pay a median of $2,757/year in property taxes on homes valued at $156,600. This translates to an effective tax rate of 1.76%, which is 6% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62376 is approximately $230, which factors into escrow payments on mortgages. This ZIP code is located within Adams County. This is $744 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62376 has higher property taxes. ZIP codes with similar effective rates include 60155 (1.76%) and 62510 (1.76%).

In Ursa, property taxes represent approximately 3.7% of the median household income of $74,375, 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.