62935 Property Tax Rate

Property owners in ZIP code 62935 (Galatia, Illinois) pay a median of $1,717/year in property taxes on homes valued at $123,400. This translates to an effective tax rate of 1.39%, which is 26% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62935 is approximately $143, which factors into escrow payments on mortgages. This ZIP code is located within Saline County. This is $1,784 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62935 has higher property taxes. ZIP codes with similar effective rates include 61777 (1.39%) and 61858 (1.39%).

In Galatia, property taxes represent approximately 2.8% of the median household income of $60,962, 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. Saline County residents can claim a $10,000 General Homestead Exemption — submit your application to the Saline County Assessor within 30 days of closing. Obtain written confirmation from the Saline County Assessor that the exemption reduces your assessed value for the tax year following purchase.