Forest City, IL — income, home value, property tax, and sales tax.
In ZIP code 62617, near Forest City, homes carry a median value of $69,000, and the county-level property tax rate of 2.09% translates to roughly $1,442 in annual taxes on that median home. With median household income at $56,667 and per-capita income of $36,908, that tax bill equals about 2.5% of a typical household's yearly earnings. The 7.25% combined sales tax applies to purchases throughout the area. Low home values here mean property taxes stay contained even at a rate above two percent, though the sales tax adds cost to everyday spending.
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