62424 Property Tax Rate

Property owners in ZIP code 62424 (Dieterich, Illinois) pay a median of $2,790/year in property taxes on homes valued at $203,600. This translates to an effective tax rate of 1.37%, which is 27% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62424 is approximately $233, which factors into escrow payments on mortgages. This ZIP code is located within Effingham County. This is $711 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62424 has higher property taxes. ZIP codes with similar effective rates include 60614 (1.37%) and 62570 (1.37%).

In Dieterich, property taxes represent approximately 3.8% of the median household income of $73,750, 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.