Taxes in Quincy, Illinois
Complete tax guide for Quincy, IL. State income tax up to 4.95%, 2.15% property tax, 8.56% sales tax. Calculate your total tax burden.
State Income Tax
4.95%
Illinois
Property Tax
2.15%
Effective rate
Sales Tax
8.56%
Combined rate
Tax Burden
High
Quincy, IL Tax Overview
Population
39,521
Median Income
$55,400
Cost of Living
93.9 (100 = avg)
State Income Tax
4.95%
Median Home Price
$229,000
Quincy Tax Calculator
Pre-filled with Quincy median: $55,400
Total Tax Burden in Quincy
$11,590
Take-Home: $43,810 · Effective Rate: 20.92%
Federal Tax
$4,610
8.32% eff.
IL State
$2,742
4.95% eff.
FICA
$4,238
7.65% eff.
Take-Home
$43,810
79.08% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $55,400.00 | $4,616.67 |
| Federal Income Tax | -$4,609.50 | -$384.13 |
| Illinois State Tax | -$2,742.30 | -$228.53 |
| Social Security (6.2%) | -$3,434.80 | -$286.23 |
| Medicare (1.45%) | -$803.30 | -$66.94 |
| Take-Home Pay | $43,810.10 | $3,650.84 |
Property Tax in Quincy
Median Home
$229,000
Annual Tax
$4,924
Monthly Tax
$410
Effective Rate
2.15%
Sales Tax in Quincy
Combined Rate
8.56%
State Portion
~6.1%
Local Portion
~2.5%
The combined sales tax rate in Quincy is 8.56%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.56 in sales tax.
Tax Burden Comparison
| Tax Type | Quincy | Illinois Avg | National Avg |
|---|---|---|---|
| Income Tax | 4.95% | 4.95% | 4.6% |
| Property Tax | 2.15% | ~2.15% | 1.1% |
| Sales Tax | 8.56% | ~8.56% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Quincy 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 Quincy (2.15%) 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 8.56% 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.
Other Cities in Illinois
Chicago
Very HighAurora
HighJoliet
HighNaperville
Very HighRockford
HighElgin
HighSpringfield
ModeratePeoria
ModerateChampaign
HighCalculate Your Full Illinois Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Quincy, IL?
Quincy, Illinois has a state income tax rate up to 4.95%. The property tax rate is 2.15% and the combined sales tax rate is 8.56%.
How much is property tax in Quincy?
The effective property tax rate in Quincy is 2.15%. On the median home price of $229,000, this equals approximately $4,924 per year or $410 per month. This is above the national average of 1.1%.
What is the sales tax rate in Quincy?
The combined sales tax rate in Quincy is 8.56%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Quincy's tax burden compare to other cities?
Quincy has a high overall tax burden. The effective total tax rate for a median-income household is approximately 31.7%. The combination of 4.95% state income tax, 2.15% property tax, and 8.56% sales tax determines the total burden. Cost of living index is 93.9 (100 = national average).
Are there any local taxes in Quincy?
Quincy 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).