62441 Property Tax Rate

Property owners in ZIP code 62441 (Marshall, Illinois) pay a median of $2,249/year in property taxes on homes valued at $139,800. This translates to an effective tax rate of 1.61%, which is 14% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62441 is approximately $187, which factors into escrow payments on mortgages. This ZIP code is located within Clark County. This is $1,252 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62441 has lower property taxes. ZIP codes with similar effective rates include 61474 (1.61%) and 62467 (1.61%).

In Marshall, property taxes represent approximately 2.8% of the median household income of $80,218, 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.