62445 Property Tax Rate

Property owners in ZIP code 62445 (Montrose, Illinois) pay a median of $2,284/year in property taxes on homes valued at $181,000. 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 62445 is approximately $190, which factors into escrow payments on mortgages. This ZIP code is located within Jasper County. This is $1,217 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62445 has higher property taxes. ZIP codes with similar effective rates include 60651 (1.26%) and 62982 (1.26%).

In Montrose, property taxes represent approximately 2.9% of the median household income of $79,241, providing context for the relative tax burden on homeowners in this area.

Under Illinois's 7% annual assessment cap, your property tax cannot grow faster than 7% yearly, providing stability across market cycles. Jasper County's General Homestead Exemption ($10,000 off assessed value) applies to all primary-residence owners and saves roughly $228–$456 per year at this county's rate. File your homestead exemption with the Jasper County Assessor within 30 days of purchase to ensure the deduction applies to your first tax bill.