Elgin, IL — income, home value, property tax, and sales tax.
In ZIP code 60144, near Elgin, households earn a median of $59,250, while per-capita income reaches $36,889. A median home value of $300,000 meets a county property tax rate of 2.26%, which translates into a meaningful annual bill of roughly $6,780 before any exemptions. Adding the 7.00% combined sales tax means everyday purchases carry a noticeable premium. Together, these figures sketch a place where housing costs and taxes claim a substantial share of earnings, so buyers and longtime homeowners alike should weigh both the assessment and the checkout rate when planning their yearly finances.
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