Monticello, Indiana — Tax Burden
What is the tax burden in Monticello, Indiana?
Monticello, Indiana has a total tax burden of 7.30%, ranking #5531 nationally. Property tax rate: 0.78%, state income tax: 3.050%, sales tax: 7.00%. Median household income is $48,847.
Source: US Census ACS, 2022
Ranked #5531 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
7.30%
Rank: 5531st nationally
Property Tax Rate
0.78%
Rank: 4559th nationally
Income Tax Rate
3.050%
Indiana state rate
Sales Tax Rate
7.00%
State + local combined
Tax Burden Breakdown
Property (27%)Income (42%)Sales (32%)
Median Income: $48,847
Median Home Value: $120,800
Median Property Tax: $948/yr
Population: 5,488