Tax Comparison: Cleveland heights, OH vs Monticello, IL
Understanding Your Tax Burden
This page compares the three main types of taxes between Cleveland heights, OH and Monticello, IL: property tax, income tax, and sales tax. Each of these has a different impact on your overall cost of living.
Property Tax Comparison
Property taxes are collected by local governments and used to fund schools, infrastructure, and other local services. They're typically based on the assessed value of your property.
Our property tax estimates are based on:
- U.S. median home value: $419,200 (2023 data)
- Local effective tax rates for both cities
Cleveland heights, OH
$8,739
Based on a $419,200 home
Rate: 2.0846%
Monticello, IL
$7,358
Based on a $419,200 home
Rate: 1.7552%
| Data | Cleveland heights, OH | Monticello, IL |
|---|---|---|
| Effective Property Tax Rate | 2.0846% | 1.7552% |
| Estimated Property Tax | $8,739 | $7,358 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Monticello, IL are $1,381 lower than in Cleveland heights, OH for the same home value.
State Income Tax Comparison
Income tax rates and brackets vary by state, impacting residents' overall tax burden. The estimates below are based on standard deductions and typical filing scenarios.
Our income tax estimates consider:
- Single filer: $100,000 annual income
- Married couple: $200,000 combined income
- Median income: $80,600 annual income
OH
2.75%-3.5%
Single: $2,640
Married: $4,752
IL
4.95%.
Single: $4,950
Married: $8,910
| Data | OH | IL |
|---|---|---|
| Tax Rate | 2.75%-3.5% | 4.95%. |
| Single Filer ($100k) | $2,640 | $4,950 |
| Married Couple ($200k) | $4,752 | $8,910 |
| Median Income ($80.6k) | $2,821 | $3,989 |
Comparison: Income taxes in OH are $1,168 lower than in IL for the median household income.
Sales Tax Comparison
Sales tax rates vary by location and can have a significant impact on your day-to-day expenses. These include state, county, city, and special district taxes that together form the total sales tax rate.
Our sales tax estimates consider:
- Average household taxable spending: $15,500 per year
- Combined state and local rates for both cities
Cleveland heights, OH
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
Monticello, IL
11.000%
Combined rate
Annual sales tax: $1705
(Based on $15,500 spending)
| Data | Cleveland heights, OH | Monticello, IL |
|---|---|---|
| State Sales Tax | 5.75% | 6.25% |
| Combined Sales Tax | 8.000% | 11.000% |
| Annual Tax Amount | $1,240 | $1,705 |
Comparison: Shopping in Cleveland heights, OH costs $465 less in annual sales tax than in Monticello, IL for the average household.
Tax Comparison Insights
Tax Insights: Cleveland heights vs Monticello
- Property Tax: Monticello has a 0.3294 percentage points lower effective property tax rate than Cleveland heights.
- Income Tax: Living in OH could save you approximately $1,168 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Cleveland heights is 3.00 percentage points lower than in Monticello.
Overall Tax Burden Comparison
Cleveland heights, OH
$12,799
Combined annual tax burden
Property
$8,739
Income
$2,821
Sales
$1,240
Monticello, IL
$13,051
Combined annual tax burden
Property
$7,358
Income
$3,989
Sales
$1,705
Overall Comparison: Cleveland heights, OH has an estimated $252 lower total tax burden than Monticello, IL based on our standard scenarios.
Important Tax Disclaimer
The tax information provided above is based on publicly available data and standard assumptions. Actual tax situations will vary based on:
- Individual financial circumstances
- Applicable deductions and credits
- Recent changes in tax laws
- Personal spending habits
- Local variations within cities and counties
This comparison is intended for general informational purposes only and should not be considered tax advice. For specific guidance regarding your tax situation, please consult with a qualified tax professional.