62994 Property Tax Rate

Property owners in ZIP code 62994 (Vergennes, Illinois) pay a median of $1,330/year in property taxes on homes valued at $111,600. This translates to an effective tax rate of 1.19%, which is 37% below the Illinois state average of 1.88%.

The monthly property tax burden for a median-valued home in 62994 is approximately $111, which factors into escrow payments on mortgages. This ZIP code is located within Jackson County. This is $2,171 less than the Illinois average of $3,501/year.

Compared to similar ZIP codes in Illinois, 62994 has lower property taxes. ZIP codes with similar effective rates include 62438 (1.19%) and 62869 (1.19%).

In Vergennes, property taxes represent approximately 2.1% of the median household income of $62,500, providing context for the relative tax burden on homeowners in this area.

Illinois law limits assessed value growth to 7% yearly, preventing sudden tax spikes from market appreciation. Jackson County homeowners can claim the General Homestead Exemption ($10,000 off assessed value), which saves most owners $156–$312 annually depending on their local tax rate. File your exemption with the Jackson County Assessor within 30 days of purchase to activate the benefit on your first tax bill.