Tax Burden in ZIP Code 61602
Peoria, IL — Peoria County
At the median income of $45,000, the estimated total tax burden in ZIP 61602 is $12,158 (27.0% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$6,300
FICA
$3,443
Property Tax
$2,415
Total Tax Burden
$12,158
27.0% effective
Tax Details for ZIP 61602
ZIP code 61602 is located in Peoria County, IL, within the Peoria MSA metropolitan area. The area has a cost of living index of 82 (100 = national average), making it more affordable than the national average.
The effective property tax rate is 2.10%. On the median home price of $115,000, this equals $2,415 per year ($201/month).
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