62959 Property Tax Rate

Property owners in ZIP code 62959 (Marion, Illinois) pay a median of $2,810/year in property taxes on homes valued at $166,200. This translates to an effective tax rate of 1.69%, which is 10% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62959 is approximately $234, which factors into escrow payments on mortgages. This ZIP code is located within Williamson County. This is $691 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62959 has lower property taxes. ZIP codes with similar effective rates include 60612 (1.69%) and 61042 (1.69%).

In Marion, property taxes represent approximately 4.0% of the median household income of $69,914, 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.