62809 Property Tax Rate

Property owners in ZIP code 62809 (Barnhill, Illinois) pay a median of $1,688/year in property taxes on homes valued at $113,000. This translates to an effective tax rate of 1.49%, which is 20% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62809 is approximately $141, which factors into escrow payments on mortgages. This ZIP code is located within Wayne County. This is $1,813 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62809 has higher property taxes. ZIP codes with similar effective rates include 62375 (1.49%) and 62870 (1.49%).

In Barnhill, property taxes represent approximately 3.8% of the median household income of $44,471, providing context for the relative tax burden on homeowners in this area.

Illinois caps assessed value growth at 7% annually under state law, but your property will be reassessed to market value upon sale. Wayne County offers a General Homestead Exemption of $10,000 off assessed value — file with the Wayne County Assessor immediately after closing to lock in your exemption. Contact the Wayne County Assessor's office to confirm the assessment deadline, which is typically 30 days after recording your deed.