62918 Property Tax Rate

Property owners in ZIP code 62918 (Carterville, Illinois) pay a median of $2,841/year in property taxes on homes valued at $183,200. This translates to an effective tax rate of 1.55%, which is 17% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62918 is approximately $237, which factors into escrow payments on mortgages. This ZIP code is located within Williamson County. This is $660 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62918 has lower property taxes. ZIP codes with similar effective rates include 61438 (1.55%) and 62967 (1.55%).

In Carterville, property taxes represent approximately 4.0% of the median household income of $70,975, providing context for the relative tax burden on homeowners in this area.

Illinois caps assessed value growth at 7% annually, but full reassessment to market value at sale applies under state law. Williamson County's $10,000 General Homestead Exemption is available to owner-occupants — file with the Williamson County Assessor immediately after closing to reduce your taxable base. Request confirmation from the Williamson County Assessor showing the exemption was applied to your parcel record.