62434 Property Tax Rate
Ingraham, Illinois · Part of Clay County
Effective Tax Rate
1.56%
23% below state avgMedian Annual Tax
$2,696
$225/mo escrow
Estimate Your Tax
Annual Tax
$2,696
Monthly
$225
Eff. Rate
1.56%
How ZIP 62434 Compares
Median Annual Property Tax
ZIP 62434
1.56%
Effective rate
Illinois Avg
1.88%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Illinois
Lower than 75% of ZIP codes in Illinois(25th percentile, 1,317 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 62434
Property owners in ZIP code 62434 (Ingraham, Illinois) pay a median of $2,696/year in property taxes on homes valued at $172,900. This translates to an effective tax rate of 1.56%, which is 17% below the Illinois state average of 1.88%.
The monthly property tax burden for a median-valued home in 62434 is approximately $225, which factors into escrow payments on mortgages. This ZIP code is located within Clay County. This is $805 less than the Illinois average of $3,501/year.
Compared to similar ZIP codes in Illinois, 62434 has lower property taxes. ZIP codes with similar effective rates include 62844 (1.56%) and 62280 (1.56%).
Illinois law limits assessed value growth to 7% annually, protecting you from runaway tax bills despite market appreciation. Clay County's General Homestead Exemption ($10,000 off assessed value) applies to primary homes and saves homeowners roughly $127.50–$255 per year depending on their local tax rate. File your exemption claim with the Clay County Assessor within 30 days of your purchase to lock in this deduction.
Frequently Asked Questions
What is the property tax rate in ZIP code 62434?
How much are property taxes in Ingraham, IL (62434)?
How does ZIP 62434 compare to the Illinois average?
What is the median home value in ZIP 62434?
What county is ZIP code 62434 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$2,626. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 62434 is part of Clay County, Illinois. View the full county profile for broader context and more data.
View Clay County on TaxByCounty →Similar ZIP Codes in Illinois
62844
+0.00%Grayville
1.56%
$1,278/yr
62280
-0.00%Rockwood
1.56%
$3,639/yr
60659
+0.00%Chicago
1.56%
$5,604/yr
61363
-0.00%Standard
1.56%
$1,684/yr
60549
-0.00%Serena
1.56%
$4,544/yr
62274
-0.00%Pinckneyville
1.56%
$1,846/yr
62301
+0.00%Quincy
1.56%
$1,942/yr
61261
+0.01%Lyndon
1.56%
$1,790/yr
62069
+0.01%Mount Olive
1.57%
$1,655/yr
60640
+0.01%Chicago
1.57%
$5,691/yr
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.