Taxes in Granite City, Illinois
Complete tax guide for Granite City, IL. State income tax up to 4.95%, 2% property tax, 8.1% sales tax. Calculate your total tax burden.
State Income Tax
4.95%
Illinois
Property Tax
2%
Effective rate
Sales Tax
8.1%
Combined rate
Tax Burden
High
Granite City, IL Tax Overview
Population
28,676
Median Income
$61,200
Cost of Living
91.9 (100 = avg)
State Income Tax
4.95%
Median Home Price
$254,000
Granite City Tax Calculator
Pre-filled with Granite City median: $61,200
Total Tax Burden in Granite City
$13,017
Take-Home: $48,183 · Effective Rate: 21.27%
Federal Tax
$5,306
8.67% eff.
IL State
$3,029
4.95% eff.
FICA
$4,682
7.65% eff.
Take-Home
$48,183
78.73% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $61,200.00 | $5,100.00 |
| Federal Income Tax | -$5,305.50 | -$442.13 |
| Illinois State Tax | -$3,029.40 | -$252.45 |
| Social Security (6.2%) | -$3,794.40 | -$316.20 |
| Medicare (1.45%) | -$887.40 | -$73.95 |
| Take-Home Pay | $48,183.30 | $4,015.28 |
Property Tax in Granite City
Median Home
$254,000
Annual Tax
$5,080
Monthly Tax
$423
Effective Rate
2%
Sales Tax in Granite City
Combined Rate
8.1%
State Portion
~5.6%
Local Portion
~2.5%
The combined sales tax rate in Granite City is 8.1%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.10 in sales tax.
Tax Burden Comparison
| Tax Type | Granite City | Illinois Avg | National Avg |
|---|---|---|---|
| Income Tax | 4.95% | 4.95% | 4.6% |
| Property Tax | 2% | ~2% | 1.1% |
| Sales Tax | 8.1% | ~8.1% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Granite City Residents
- Illinois's income tax rate of 4.95% is competitive. You may still benefit from maximizing 401(k) contributions ($23,500 limit) to reduce your taxable income at both state and federal levels.
- Property tax in Granite City (2%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- The combined sales tax rate of 8.1% is relatively high. Consider making large purchases in lower-tax jurisdictions or online retailers that do not charge local tax rates.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Granite City, IL?
Granite City, Illinois has a state income tax rate up to 4.95%. The property tax rate is 2% and the combined sales tax rate is 8.1%.
How much is property tax in Granite City?
The effective property tax rate in Granite City is 2%. On the median home price of $254,000, this equals approximately $5,080 per year or $423 per month. This is above the national average of 1.1%.
What is the sales tax rate in Granite City?
The combined sales tax rate in Granite City is 8.1%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Granite City's tax burden compare to other cities?
Granite City has a high overall tax burden. The effective total tax rate for a median-income household is approximately 30.9%. The combination of 4.95% state income tax, 2% property tax, and 8.1% sales tax determines the total burden. Cost of living index is 91.9 (100 = national average).
Are there any local taxes in Granite City?
Granite City does not impose a separate local or city income tax. Residents pay the state income tax of 4.95%, federal income tax, and FICA (Social Security and Medicare).