Springfield, IL — income, home value, property tax, and sales tax.
In ZIP code 62689, near Springfield, homes are valued at a median of $92,300, and the county's 1.99% effective property tax rate works out to roughly $1,837 a year on such a home. With median household income at $61,500, that tax equals about 3% of annual earnings, a share that stays steady given the area's lower home prices. Per-capita income reaches $40,082. A combined sales tax of 7.75% applies to purchases. The balance between below-average home values and the nearly 2% levy shapes what buyers here can carry.
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