62831 Property Tax Rate

Property owners in ZIP code 62831 (Du Bois, Illinois) pay a median of $2,025/year in property taxes on homes valued at $131,900. This translates to an effective tax rate of 1.54%, which is 18% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62831 is approximately $169, which factors into escrow payments on mortgages. This ZIP code is located within Washington County. This is $1,476 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62831 has lower property taxes. ZIP codes with similar effective rates include 62903 (1.54%) and 61735 (1.54%).

In Du Bois, property taxes represent approximately 2.7% of the median household income of $76,250, providing context for the relative tax burden on homeowners in this area.

Under Illinois's 7% annual assessment cap, your property tax cannot increase faster than 7% per year even if market values surge, shielding you from dramatic bill spikes. The General Homestead Exemption ($10,000 reduction in assessed value) is available to all owner-occupants in Washington County and cuts taxes by roughly $160–$280 yearly. File your homestead exemption claim with the Washington County Assessor within one month of closing to ensure it takes effect on your first tax bill.