Loves Park, Illinois — Tax Burden
What is the tax burden in Loves Park, Illinois?
Loves Park, Illinois has a total tax burden of 13.86%, ranking #1081 nationally. Property tax rate: 2.43%, state income tax: 4.950%, sales tax: 8.81%. Median household income is $56,370.
Source: US Census ACS, 2022
Ranked #1081 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
13.86%
Rank: 1081st nationally
Property Tax Rate
2.43%
Rank: 381st nationally
Income Tax Rate
4.950%
Illinois state rate
Sales Tax Rate
8.81%
State + local combined
Tax Burden Breakdown
Property (43%)Income (36%)Sales (21%)
Median Income: $56,370
Median Home Value: $138,900
Median Property Tax: $3,382/yr
Population: 22,935