62969 Property Tax Rate
Olive Branch, Illinois · Part of Alexander County
Effective Tax Rate
1.64%
61.6% below state avgMedian Annual Tax
$1,344
$112/mo escrow
Estimate Your Tax
Annual Tax
$1,344
Monthly
$112
Eff. Rate
1.64%
How ZIP 62969 Compares
Median Annual Property Tax
ZIP 62969
1.64%
Effective rate
Illinois Avg
1.88%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Illinois
Lower than 69% of ZIP codes in Illinois(31th percentile, 1,317 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 62969
Property owners in ZIP code 62969 (Olive Branch, Illinois) pay a median of $1,344/year in property taxes on homes valued at $81,900. This translates to an effective tax rate of 1.64%, which is 13% below the Illinois state average of 1.88%.
The monthly property tax burden for a median-valued home in 62969 is approximately $112, which factors into escrow payments on mortgages. This ZIP code is located within Alexander County. This is $2,157 less than the Illinois average of $3,501/year.
Compared to similar ZIP codes in Illinois, 62969 has lower property taxes. ZIP codes with similar effective rates include 62054 (1.64%) and 62360 (1.64%).
If you're considering purchasing a home in 62969, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Alexander County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 62969?
How much are property taxes in Olive Branch, IL (62969)?
How does ZIP 62969 compare to the Illinois average?
What is the median home value in ZIP 62969?
What county is ZIP code 62969 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$1,288. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 62969 is part of Alexander County, Illinois. View the full county profile for broader context and more data.
View Alexander County on TaxByCounty →Similar ZIP Codes in Illinois
62054
+0.00%Kane
1.64%
$1,441/yr
62360
+0.00%Payson
1.64%
$2,073/yr
62916
+0.00%Campbell Hill
1.64%
$1,917/yr
61420
-0.00%Blandinsville
1.64%
$1,342/yr
62655
-0.00%Kilbourne
1.64%
$1,907/yr
62324
-0.00%Clayton
1.64%
$1,657/yr
62473
+0.00%Watson
1.64%
$1,929/yr
60661
-0.00%Chicago
1.64%
$6,513/yr
60611
+0.00%Chicago
1.64%
$10,001/yr
60603
+0.00%Chicago
1.64%
$10,001/yr
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.