62410 Property Tax Rate

Property owners in ZIP code 62410 (Allendale, Illinois) pay a median of $1,505/year in property taxes on homes valued at $114,700. This translates to an effective tax rate of 1.31%, which is 30% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62410 is approximately $125, which factors into escrow payments on mortgages. This ZIP code is located within Wabash County. This is $1,996 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62410 has lower property taxes. ZIP codes with similar effective rates include 62033 (1.31%) and 60974 (1.32%).

In Allendale, property taxes represent approximately 1.9% of the median household income of $81,065, providing context for the relative tax burden on homeowners in this area.

Illinois caps assessed value growth at 7% annually, preventing your tax from surging faster than the broader economy. Wabash County offers the General Homestead Exemption ($10,000 assessed value reduction) to owner-occupants, worth roughly $131–$263 per year in tax savings. Register your exemption with the Wabash County Assessor within one month of closing to ensure it applies to your first bill.