62693 Property Tax Rate

Property owners in ZIP code 62693 (Williamsville, Illinois) pay a median of $4,259/year in property taxes on homes valued at $193,800. This translates to an effective tax rate of 2.20%, which is 17% above the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62693 is approximately $355, which factors into escrow payments on mortgages. This ZIP code is located within Sangamon County. This is $758 more than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62693 has lower property taxes. ZIP codes with similar effective rates include 61943 (2.20%) and 62673 (2.20%).

In Williamsville, property taxes represent approximately 3.4% of the median household income of $126,488, 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.