Belknap, IL — income, home value, property tax, and sales tax.
Belknap's ZIP code 62923 sits in working-class territory, where the median household income of $51,806 and per-capita income of $23,118 trail statewide averages. Homes here are valued at a median of $78,600, and the county-level property tax rate of 1.24% translates into a comparatively small annual bill at that price point. A combined sales tax of 7.75% applies to purchases, adding a steady cost to everyday spending. Taken together, the tax structure leans on consumption more than property wealth, which fits a community where earnings are steady but not high.
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