Bloomington, IL — income, home value, property tax, and sales tax.
In ZIP code 61729, near Bloomington, homes carry a median value of $259,100 while households earn a median of $101,172. The county-level effective property tax rate of 2.13% works out to roughly $5,519 a year on a home at that median value, or about 5.5% of household income. With per-capita income at $45,264, the tax bill lands differently depending on how many earners share a household. Sales taxes add 7.25% at the register. Even so, the relationship between local earnings and home prices leaves room in many budgets for the annual tax payment.
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