62889 Property Tax Rate

Property owners in ZIP code 62889 (Texico, Illinois) pay a median of $1,891/year in property taxes on homes valued at $147,500. This translates to an effective tax rate of 1.28%, which is 32% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62889 is approximately $158, which factors into escrow payments on mortgages. This ZIP code is located within Jefferson County. This is $1,610 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62889 has lower property taxes. ZIP codes with similar effective rates include 62838 (1.28%) and 60623 (1.28%).

In Texico, property taxes represent approximately 2.8% of the median household income of $68,077, 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.