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DeKalb Times

Thursday, November 21, 2024

Analysis: Income tax hike will cost DeKalb County residents $26M more this year

Dekalb

City of DeKalb taxpayers will pay an estimated $7M in additional income taxes this year.

City of DeKalb taxpayers will pay an estimated $7M in additional income taxes 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.

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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.

RankingCommunityZipEstimated State Income Tax Increase
1DeKalb60115$7,688,715
2Sycamore60178$7,119,201
3Sandwich60548$3,030,003
4Genoa60135$2,034,683
5Somonauk60552$1,379,365
6Cortland60112$1,141,343
7Hinckley60520$889,065
8Kingston60145$770,006
9Kirkland60146$657,952
10Malta60150$571,806
11Waterman60556$554,125
12Shabbona60550$362,814
13Clare60111$98,326
14Esmond60129$60,654

TOTAL

$26,358,056
Sources: Illinois Department of Revenue; Blockshopper.com

 

Top income tax-paying communities in DeKalb County

This chart shows the ranking of communities by highest income taxes paid in DeKalb County

RankingCommunityZipAverage State Income Tax Increase*Total Returns filed by Zip
1Clare60111$768128
2Malta60150$719795
3Somonauk60552$6971,978
4Sycamore60178$69210,282
5Kingston60145$6841,125
6Hinckley60520$6821,304
7Waterman60556$624888
8Genoa60135$6113,328
9Shabbona60550$597608
10Cortland60112$5811,966
11Kirkland60146$5741,146
12Esmond60129$551110
13Sandwich60548$5445,569
14DeKalb60115$49015,692
Sources: Illinois Department of Revenue; Blockshopper.com; Illinois Senate Democrats

*Assumes tax increase will meet Senate Democrats' projections.

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