Tax Comparison: Crystal lake, IL vs Cedar falls, IA
Understanding Your Tax Burden
This page compares the three main types of taxes between Crystal lake, IL and Cedar falls, IA: 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
Crystal lake, IL
$10,451
Based on a $419,200 home
Rate: 2.4932%
Cedar falls, IA
$6,412
Based on a $419,200 home
Rate: 1.5296%
| Data | Crystal lake, IL | Cedar falls, IA |
|---|---|---|
| Effective Property Tax Rate | 2.4932% | 1.5296% |
| Estimated Property Tax | $10,451 | $6,412 |
| Home Value Used | $419,200 | $419,200 |
Comparison: Property taxes in Cedar falls, IA are $4,039 lower than in Crystal lake, IL 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
IL
4.95%.
Single: $4,950
Married: $8,910
IA
4.4%-5.7%
Single: $3,800
Married: $6,840
| Data | IL | IA |
|---|---|---|
| Tax Rate | 4.95%. | 4.4%-5.7% |
| Single Filer ($100k) | $4,950 | $3,800 |
| Married Couple ($200k) | $8,910 | $6,840 |
| Median Income ($80.6k) | $3,989 | $3,061 |
Comparison: Income taxes in IA are $928 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
Crystal lake, IL
11.000%
Combined rate
Annual sales tax: $1705
(Based on $15,500 spending)
Cedar falls, IA
8.000%
Combined rate
Annual sales tax: $1240
(Based on $15,500 spending)
| Data | Crystal lake, IL | Cedar falls, IA |
|---|---|---|
| State Sales Tax | 6.25% | 6.00% |
| Combined Sales Tax | 11.000% | 8.000% |
| Annual Tax Amount | $1,705 | $1,240 |
Comparison: Shopping in Cedar falls, IA costs $465 less in annual sales tax than in Crystal lake, IL for the average household.
Tax Comparison Insights
Tax Insights: Crystal lake vs Cedar falls
- Property Tax: Cedar falls has a 0.9636 percentage points lower effective property tax rate than Crystal lake.
- Income Tax: Living in IA could save you approximately $928 in state income taxes for a median household income.
- Sales Tax: The combined sales tax rate in Cedar falls is 3.00 percentage points lower than in Crystal lake.
Overall Tax Burden Comparison
Crystal lake, IL
$16,145
Combined annual tax burden
Property
$10,451
Income
$3,989
Sales
$1,705
Cedar falls, IA
$10,713
Combined annual tax burden
Property
$6,412
Income
$3,061
Sales
$1,240
Overall Comparison: Cedar falls, IA has an estimated $5,432 lower total tax burden than Crystal lake, 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.