62990 Property Tax Rate

Property owners in ZIP code 62990 (Thebes, Illinois) pay a median of $1,813/year in property taxes on homes valued at $122,900. This translates to an effective tax rate of 1.48%, which is 21% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62990 is approximately $151, which factors into escrow payments on mortgages. This ZIP code is located within Alexander County. This is $1,688 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62990 has lower property taxes. ZIP codes with similar effective rates include 61360 (1.48%) and 62895 (1.47%).

In Thebes, property taxes represent approximately 3.0% of the median household income of $60,978, providing context for the relative tax burden on homeowners in this area.

Illinois caps assessed value growth at 7% annually, but reassessment to market value at sale applies under state law. Alexander County offers a $10,000 General Homestead Exemption for primary residences — file your application with the Alexander County Assessor within 30 days of purchase. Confirm with the Alexander County Assessor that your exemption was recorded and will appear on your tax statement.