Taxes in Wheeling, Illinois
Complete tax guide for Wheeling, IL. State income tax up to 4.95%, 2.14% property tax, 8.87% sales tax. Calculate your total tax burden.
State Income Tax
4.95%
Illinois
Property Tax
2.14%
Effective rate
Sales Tax
8.87%
Combined rate
Tax Burden
High
Wheeling, IL Tax Overview
Population
39,137
Median Income
$59,400
Cost of Living
92.3 (100 = avg)
State Income Tax
4.95%
Median Home Price
$224,000
Wheeling Tax Calculator
Pre-filled with Wheeling median: $59,400
Total Tax Burden in Wheeling
$12,574
Take-Home: $46,826 · Effective Rate: 21.17%
Federal Tax
$5,090
8.57% eff.
IL State
$2,940
4.95% eff.
FICA
$4,544
7.65% eff.
Take-Home
$46,826
78.83% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $59,400.00 | $4,950.00 |
| Federal Income Tax | -$5,089.50 | -$424.13 |
| Illinois State Tax | -$2,940.30 | -$245.03 |
| Social Security (6.2%) | -$3,682.80 | -$306.90 |
| Medicare (1.45%) | -$861.30 | -$71.78 |
| Take-Home Pay | $46,826.10 | $3,902.17 |
Property Tax in Wheeling
Median Home
$224,000
Annual Tax
$4,794
Monthly Tax
$399
Effective Rate
2.14%
Sales Tax in Wheeling
Combined Rate
8.87%
State Portion
~6.4%
Local Portion
~2.5%
The combined sales tax rate in Wheeling is 8.87%, which is above the national average of 7.12%. On a $100 purchase, you would pay $8.87 in sales tax.
Tax Burden Comparison
| Tax Type | Wheeling | Illinois Avg | National Avg |
|---|---|---|---|
| Income Tax | 4.95% | 4.95% | 4.6% |
| Property Tax | 2.14% | ~2.14% | 1.1% |
| Sales Tax | 8.87% | ~8.87% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Wheeling 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 Wheeling (2.14%) 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 8.87% 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 Wheeling, IL?
Wheeling, Illinois has a state income tax rate up to 4.95%. The property tax rate is 2.14% and the combined sales tax rate is 8.87%.
How much is property tax in Wheeling?
The effective property tax rate in Wheeling is 2.14%. On the median home price of $224,000, this equals approximately $4,794 per year or $399 per month. This is above the national average of 1.1%.
What is the sales tax rate in Wheeling?
The combined sales tax rate in Wheeling is 8.87%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Wheeling's tax burden compare to other cities?
Wheeling 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, 2.14% property tax, and 8.87% sales tax determines the total burden. Cost of living index is 92.3 (100 = national average).
Are there any local taxes in Wheeling?
Wheeling 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).