Springfield, IL — income, home value, property tax, and sales tax.
In ZIP code 62625, near Springfield, homes carry a median value of $228,000, and the county's 1.99% effective property tax rate translates to roughly $4,537 a year in taxes on such a home. Households here earn a median of $167,674, so that bill amounts to about 2.7% of annual income—a share that most area homeowners can absorb without much strain. Per-capita income sits at $56,283. A combined sales tax rate of 7.75% applies to purchases in the area, adding another layer of local cost.
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