62411 Property Tax Rate

Property owners in ZIP code 62411 (Altamont, Illinois) pay a median of $1,750/year in property taxes on homes valued at $139,400. This translates to an effective tax rate of 1.26%, which is 33% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62411 is approximately $146, which factors into escrow payments on mortgages. This ZIP code is located within Effingham County. This is $1,751 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62411 has higher property taxes. ZIP codes with similar effective rates include 61955 (1.26%) and 62880 (1.25%).

In Altamont, property taxes represent approximately 2.3% of the median household income of $75,932, providing context for the relative tax burden on homeowners in this area.

Illinois law limits assessed value increases to 7% per year, ensuring your tax bill grows predictably and stays manageable. Effingham County's General Homestead Exemption ($10,000 off assessed value) applies to primary residences and yields approximately $150–$300 in annual savings. File your homestead exemption with the Effingham County Assessor within 30 days of purchase to lock in this benefit.