62612 Property Tax Rate

Property owners in ZIP code 62612 (Ashland, Illinois) pay a median of $2,581/year in property taxes on homes valued at $113,300. This translates to an effective tax rate of 2.28%, which is 21% above the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62612 is approximately $215, which factors into escrow payments on mortgages. This ZIP code is located within Cass County. This is $920 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62612 has higher property taxes. ZIP codes with similar effective rates include 62285 (2.28%) and 60453 (2.28%).

In Ashland, property taxes represent approximately 4.2% of the median household income of $61,833, providing context for the relative tax burden on homeowners in this area.

Illinois restricts assessed value increases to 7% annually, though reassessment to market value at sale applies under state law. Cass County's $10,000 General Homestead Exemption is available to owner-occupants — file the exemption application with the Cass County Assessor immediately after purchase to reduce your taxable assessment. Obtain written confirmation from the Cass County Assessor showing the exemption effective date to ensure it applies to your first tax bill.