62919 Property Tax Rate

Property owners in ZIP code 62919 (Cave In Rock, Illinois) pay a median of $631/year in property taxes on homes valued at $148,400. This translates to an effective tax rate of 0.43%, which is 77% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62919 is approximately $53, which factors into escrow payments on mortgages. This ZIP code is located within Hardin County. This is $2,870 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62919 has lower property taxes. ZIP codes with similar effective rates include 62030 (0.47%) and 62964 (0.48%).

In Cave In Rock, property taxes represent approximately 1.1% of the median household income of $57,176, providing context for the relative tax burden on homeowners in this area.

Illinois restricts annual assessed value growth to 7%, though reassessment to market value occurs at sale under state law. Hardin County provides a $10,000 General Homestead Exemption for owner-occupants — file your exemption application with the Hardin County Assessor within 30 days of purchase. Request confirmation from the Hardin County Assessor showing the exemption effective date to ensure it applies to your first property tax bill.