62908 Property Tax Rate

Property owners in ZIP code 62908 (Belknap, Illinois) pay a median of $2,458/year in property taxes on homes valued at $168,800. This translates to an effective tax rate of 1.46%, which is 22% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62908 is approximately $205, which factors into escrow payments on mortgages. This ZIP code is located within Massac County. This is $1,043 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62908 has higher property taxes. ZIP codes with similar effective rates include 62939 (1.46%) and 62534 (1.46%).

In Belknap, property taxes represent approximately 3.7% of the median household income of $67,250, providing context for the relative tax burden on homeowners in this area.

Illinois limits annual assessed value increases to 7%, though full reassessment to market value at sale applies under state law. Massac County provides a $10,000 General Homestead Exemption for primary residences — file your application with the Massac County Assessor within 30 days of purchase. Request a copy of your assessment from the Massac County Assessor to verify the $10,000 exemption reduces your taxable base.