Island Lake, Illinois — Tax Burden
What is the tax burden in Island Lake, Illinois?
Island Lake, Illinois has a total tax burden of 14.22%, ranking #937 nationally. Property tax rate: 2.62%, state income tax: 4.950%, sales tax: 8.81%. Median household income is $91,852.
Source: US Census ACS, 2022
Ranked #937 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
14.22%
Rank: 937th nationally
Property Tax Rate
2.62%
Rank: 262nd nationally
Income Tax Rate
4.950%
Illinois state rate
Sales Tax Rate
8.81%
State + local combined
Tax Burden Breakdown
Property (45%)Income (35%)Sales (20%)
Median Income: $91,852
Median Home Value: $223,100
Median Property Tax: $5,846/yr
Population: 8,039