Olney, Illinois — Tax Burden
What is the tax burden in Olney, Illinois?
Olney, Illinois has a total tax burden of 10.96%, ranking #2727 nationally. Property tax rate: 1.92%, state income tax: 4.950%, sales tax: 8.81%. Median household income is $57,260.
Source: US Census ACS, 2022
Ranked #2727 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
10.96%
Rank: 2727th nationally
Property Tax Rate
1.92%
Rank: 1004th nationally
Income Tax Rate
4.950%
Illinois state rate
Sales Tax Rate
8.81%
State + local combined
Tax Burden Breakdown
Property (28%)Income (45%)Sales (27%)
Median Income: $57,260
Median Home Value: $92,300
Median Property Tax: $1,775/yr
Population: 8,995