62420 Property Tax Rate

Property owners in ZIP code 62420 (Casey, Illinois) pay a median of $2,375/year in property taxes on homes valued at $122,000. This translates to an effective tax rate of 1.95%, which is 4% above the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62420 is approximately $198, which factors into escrow payments on mortgages. This ZIP code is located within Clark County. This is $1,126 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62420 has higher property taxes. ZIP codes with similar effective rates include 61010 (1.95%) and 60934 (1.95%).

In Casey, property taxes represent approximately 3.5% of the median household income of $68,235, providing context for the relative tax burden on homeowners in this area.

Under Illinois's 7% annual assessment cap, your property tax cannot jump more than 7% per year, providing budget predictability. Clark County offers the General Homestead Exemption ($10,000 assessed value deduction) to owner-occupants, worth approximately $195–$390 in annual savings. Register your homestead exemption with the Clark County Assessor within one month of closing to activate this tax break.