Mount Prospect, Illinois — Tax Burden
What is the tax burden in Mount Prospect, Illinois?
Mount Prospect, Illinois has a total tax burden of 15.99%, ranking #294 nationally. Property tax rate: 2.22%, state income tax: 4.950%, sales tax: 8.81%. Median household income is $100,526.
Source: US Census ACS, 2022
Ranked #294 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
15.99%
Rank: 294th nationally
Property Tax Rate
2.22%
Rank: 574th nationally
Income Tax Rate
4.950%
Illinois state rate
Sales Tax Rate
8.81%
State + local combined
Tax Burden Breakdown
Property (51%)Income (31%)Sales (18%)
Median Income: $100,526
Median Home Value: $367,900
Median Property Tax: $8,177/yr
Population: 56,191