62864 Property Tax Rate

Property owners in ZIP code 62864 (Mount Vernon, Illinois) pay a median of $2,199/year in property taxes on homes valued at $117,600. This translates to an effective tax rate of 1.87%, which is near the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62864 is approximately $183, which factors into escrow payments on mortgages. This ZIP code is located within Jefferson County. This is $1,302 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62864 has higher property taxes. ZIP codes with similar effective rates include 62025 (1.87%) and 60927 (1.87%).

In Mount Vernon, property taxes represent approximately 3.8% of the median household income of $58,082, providing context for the relative tax burden on homeowners in this area.

Illinois caps assessed value growth at 7% annually, but reassessment to market value occurs at sale under state law. Jefferson County's $10,000 General Homestead Exemption applies to owner-occupants — file immediately with the Jefferson County Assessor after closing to reduce your taxable base. Request a certified copy of your exemption filing from the Jefferson County Assessor for your closing documents.