Lake Forest, Illinois — Tax Burden
What is the tax burden in Lake Forest, Illinois?
Lake Forest, Illinois has a total tax burden of 12.80%, ranking #1585 nationally. Property tax rate: 1.12%, state income tax: 4.950%, sales tax: 8.81%. Median household income is $202,153.
Source: US Census ACS, 2022
Ranked #1585 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
12.80%
Rank: 1585th nationally
Property Tax Rate
1.12%
Rank: 2884th nationally
Income Tax Rate
4.950%
Illinois state rate
Sales Tax Rate
8.81%
State + local combined
Tax Burden Breakdown
Property (39%)Income (39%)Sales (23%)
Median Income: $202,153
Median Home Value: $894,400
Median Property Tax: $10,001/yr
Population: 19,436