Analysis: Income tax hike will cost DeKalb County residents $26M more this year
DeKalb County residents will pay an additional $26.35 million in state income taxes this year, according to an analysis by Local Government Information Services (LGIS).
LGIS combined Illinois Department of Revenue data with a forecast by Senate Democrats to estimate how much additional income tax will be paid in each Illinois zip code.
The following DeKalb County communities will pay the most: DeKalb ($7.68 million total/$490 per person), Sycamore ($7.12 million/$692), Sandwich ($3.03 million/$544) and Genoa ($2.03 million/$611).
Retroactive to July 1, the higher rate -- now 4.95 percent, up from 3.75 percent -- will be withheld from employee paychecks over the last six months of 2017.
Before the hike, someone earning $50,000 paid $72 in state income tax per paycheck. That person will now pay $95, or an additional $600 per year.
Senate Democrats estimate the tax hike will siphon $4.453 billion more this year from individual taxpayers. Businesses will pay another $1 billion.
How much more will your community pay?
State income taxes have increased to 4.95 percent from 3.75 percent. This chart shows how much more taxpayers in your community will pay for state government.
|Ranking||Community||Zip||Estimated State Income Tax Increase|
Top income tax-paying communities in DeKalb County
This chart shows the ranking of communities by highest income taxes paid in DeKalb County
|Ranking||Community||Zip||Average State Income Tax Increase*||Total Returns filed by Zip|
*Assumes tax increase will meet Senate Democrats' projections.
Organizations in this Story
200 S 4th St
DeKalb, IL - 60115
333 E 1st St
Genoa, IL - 60135-1015
144 E Railroad St
Sandwich, IL - 60548-2168
Sycamore, IL, United States
14 S Prairie St
Cortland, IL - 60112-4065
200 N Main St
Sycamore, IL - 60178
130 W Lafayette St.
Somonauk, IL - 60552
720 James St
Hinckley, IL - 60520-9771
101 E Railroad St
Kingston, IL - 60145-7033
206 Blackhawk St
Shabbona, IL - 60550
215 W Adams St
Waterman, IL - 60556-5002