62893 Property Tax Rate

Property owners in ZIP code 62893 (Walnut Hill, Illinois) pay a median of $3,134/year in property taxes on homes valued at $138,100. This translates to an effective tax rate of 2.27%, which is 21% above the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62893 is approximately $261, which factors into escrow payments on mortgages. This ZIP code is located within Jefferson County. This is $367 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62893 has lower property taxes. ZIP codes with similar effective rates include 61736 (2.27%) and 60142 (2.27%).

In Walnut Hill, property taxes represent approximately 4.3% of the median household income of $72,115, 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.