Springfield, IL — income, home value, property tax, and sales tax.
ZIP code 62711, on Springfield's western edge, ranks among Illinois' higher-income areas, with a median household income of $124,816 and per-capita income of $74,341. Homes here carry a median value of $316,800, and the county's 1.99% effective property tax rate means a house at that price generates roughly $6,300 in annual property taxes. Add a combined sales tax rate of 10.00%, and the overall tax picture is substantial, though the income levels here can absorb it more easily than in most parts of the state.
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