Lake Barrington, Illinois — Tax Burden
What is the tax burden in Lake Barrington, Illinois?
Lake Barrington, Illinois has a total tax burden of 14.89%, ranking #671 nationally. Property tax rate: 2.00%, state income tax: 4.950%, sales tax: 8.81%. Median household income is $126,316.
Source: US Census ACS, 2022
Ranked #671 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
14.89%
Rank: 671st nationally
Property Tax Rate
2.00%
Rank: 874th nationally
Income Tax Rate
4.950%
Illinois state rate
Sales Tax Rate
8.81%
State + local combined
Tax Burden Breakdown
Property (47%)Income (33%)Sales (20%)
Median Income: $126,316
Median Home Value: $445,200
Median Property Tax: $8,887/yr
Population: 5,377