62549 Property Tax Rate

Property owners in ZIP code 62549 (Mt Zion, Illinois) pay a median of $3,898/year in property taxes on homes valued at $186,800. This translates to an effective tax rate of 2.09%, which is 11% above the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62549 is approximately $325, which factors into escrow payments on mortgages. This ZIP code is located within Macon County. This is $397 more than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62549 has lower property taxes. ZIP codes with similar effective rates include 61817 (2.09%) and 60053 (2.08%).

In Mt Zion, property taxes represent approximately 3.6% of the median household income of $109,350, providing context for the relative tax burden on homeowners in this area.

Illinois law caps annual assessed value growth at 7%, but your home is reassessed to market value upon purchase, potentially increasing your tax bill significantly. Macon County offers a General Homestead Exemption of $10,000 off assessed value — file this application with the Macon County Assessor's office within one year of purchase to lock in savings. Contact the Macon County Assessor immediately after closing to confirm your exemption filing deadline and obtain your Property Tax Appeal deadline, typically 30 days from your assessment notice.