Princeton, Illinois — Tax Burden
What is the tax burden in Princeton, Illinois?
Princeton, Illinois has a total tax burden of 12.47%, ranking #1763 nationally. Property tax rate: 1.89%, state income tax: 4.950%, sales tax: 8.81%. Median household income is $55,926.
Source: US Census ACS, 2022
Ranked #1763 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
12.47%
Rank: 1763rd nationally
Property Tax Rate
1.89%
Rank: 1047th nationally
Income Tax Rate
4.950%
Illinois state rate
Sales Tax Rate
8.81%
State + local combined
Tax Burden Breakdown
Property (37%)Income (40%)Sales (23%)
Median Income: $55,926
Median Home Value: $136,400
Median Property Tax: $2,579/yr
Population: 7,749