Taxes in Lake in the Hills, Illinois
Complete tax guide for Lake in the Hills, IL. State income tax up to 4.95%, 2.06% property tax, 7.28% sales tax. Calculate your total tax burden.
State Income Tax
4.95%
Illinois
Property Tax
2.06%
Effective rate
Sales Tax
7.28%
Combined rate
Tax Burden
High
Lake in the Hills, IL Tax Overview
Population
28,965
Median Income
$69,000
Cost of Living
83.6 (100 = avg)
State Income Tax
4.95%
Median Home Price
$258,000
Lake in the Hills Tax Calculator
Pre-filled with Lake in the Hills median: $69,000
Total Tax Burden in Lake in the Hills
$15,488
Take-Home: $53,512 · Effective Rate: 22.45%
Federal Tax
$6,794
9.85% eff.
IL State
$3,416
4.95% eff.
FICA
$5,279
7.65% eff.
Take-Home
$53,512
77.55% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $69,000.00 | $5,750.00 |
| Federal Income Tax | -$6,794.00 | -$566.17 |
| Illinois State Tax | -$3,415.50 | -$284.63 |
| Social Security (6.2%) | -$4,278.00 | -$356.50 |
| Medicare (1.45%) | -$1,000.50 | -$83.38 |
| Take-Home Pay | $53,512.00 | $4,459.33 |
Property Tax in Lake in the Hills
Median Home
$258,000
Annual Tax
$5,315
Monthly Tax
$443
Effective Rate
2.06%
Sales Tax in Lake in the Hills
Combined Rate
7.28%
State Portion
~4.8%
Local Portion
~2.5%
The combined sales tax rate in Lake in the Hills is 7.28%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.28 in sales tax.
Tax Burden Comparison
| Tax Type | Lake in the Hills | Illinois Avg | National Avg |
|---|---|---|---|
| Income Tax | 4.95% | 4.95% | 4.6% |
| Property Tax | 2.06% | ~2.06% | 1.1% |
| Sales Tax | 7.28% | ~7.28% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Lake in the Hills 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 Lake in the Hills (2.06%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- 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 Lake in the Hills, IL?
Lake in the Hills, Illinois has a state income tax rate up to 4.95%. The property tax rate is 2.06% and the combined sales tax rate is 7.28%.
How much is property tax in Lake in the Hills?
The effective property tax rate in Lake in the Hills is 2.06%. On the median home price of $258,000, this equals approximately $5,315 per year or $443 per month. This is above the national average of 1.1%.
What is the sales tax rate in Lake in the Hills?
The combined sales tax rate in Lake in the Hills is 7.28%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Lake in the Hills's tax burden compare to other cities?
Lake in the Hills has a high overall tax burden. The effective total tax rate for a median-income household is approximately 30.1%. The combination of 4.95% state income tax, 2.06% property tax, and 7.28% sales tax determines the total burden. Cost of living index is 83.6 (100 = national average).
Are there any local taxes in Lake in the Hills?
Lake in the Hills 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).