62563 Property Tax Rate

Property owners in ZIP code 62563 (Rochester, Illinois) pay a median of $4,697/year in property taxes on homes valued at $256,100. This translates to an effective tax rate of 1.83%, which is near the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62563 is approximately $391, which factors into escrow payments on mortgages. This ZIP code is located within Sangamon County. This is $1,196 more than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62563 has higher property taxes. ZIP codes with similar effective rates include 62625 (1.83%) and 62471 (1.84%).

In Rochester, property taxes represent approximately 4.2% of the median household income of $111,813, providing context for the relative tax burden on homeowners in this area.

Illinois caps assessed value growth at 7% annually, but your purchase triggers full reassessment to market value under state law. Sangamon County's $10,000 General Homestead Exemption reduces your taxable assessed value immediately — file the application with the Sangamon County Assessor within 30 days of closing. Monitor your first tax bill from the Sangamon County Assessor to confirm the exemption was applied correctly.