Kane County taxpayers will pay an extra $223M with passage of tax hike law

By LGIS Newsfeed

Jul 6, 2017

Kane County taxpayers will see a total of $223 million in state income tax increases after SB 9, a tax hike measure, passed the Democrat-controlled Illinois State Senate to become law.

Kane County communities that will see the largest collective increases include West St. Charles ($19.4 million), Geneva ($17.6 million), Central St. Charles ($16.5 million), Batavia ($13.6 million) and Algonquin ($13.5 million).

Taxpayers from Wayne ($2,298), West St. Charles ($1,769), Geneva ($1,275) and Northeast Aurora ($1,197) will see the highest average increases.

Senate Bill 9, a revenue bill that would generate $5.4 billion by raising the income tax rate to 4.95 percent from 3.75 percent and the corporate tax rate to 7 percent from 5.25 percent, passed 36-18 on Tuesday. It passed the House on Sunday. Gov. Bruce Rauner then vetoed the bill, but the Senate quickly overrode his veto. The House is expected to vote on an override Thursday.

LGIS looked at 2014 income taxes paid by zip code to create a ranking of the highest-paying Kane County communities.

Its analysis looked at the percentage of total state income taxes paid by zip code, as reported by the Illinois Department of Revenue. It then applied that percentage to the amount Senate Democrats expect their tax hike will raise to calculate an average increase.

The analysis used 2014 tax return data, which is the latest available and also represents a year in which state income taxes were higher-- five percent, or approximately the level to which the Democrats are hoping to raise them.

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Top income tax-paying communities in Kane County

Which communities pay the highest income taxes in Kane County?

Ranking	Communities	Zip	Average State Income Tax Increase	Total Returns filed by Zip
1	Wayne	60184	$2,298	1,192
2	St. Charles (West)	60175	$1,769	10,949
3	Geneva	60134	$1,275	13,798
4	Aurora (Northeast)	60502	$1,197	9,664
5	St. Charles (Central)	60174	$1,080	15,312
6	Sugar Grove	60554	$1,060	5,490
7	Campton Hills / Elburn	60119	$1,049	4,726
8	Elgin (Far West)	60124	$1,023	9,715
9	Batavia	60510	$1,008	13,544
10	Big Rock	60511	$997	856
11	Gilberts	60136	$965	3,165
12	West Dundee / East Dundee / Sleepy Hollow	60118	$902	7,879
13	Algonquin	60102	$898	15,002
14	South Elgin	60177	$814	10,051
15	North Aurora	60542	$810	7,938
16	Pingree Grove / Hampshire	60140	$802	7,457
17	Aurora (Southeast)	60504	$736	16,389
18	Huntley	60142	$667	12,931
19	Montgomery	60538	$611	11,690
20	Carpentersville	60110	$513	16,345
21	Aurora (West)	60506	$501	22,308
22	Elgin (West)	60123	$499	21,482
23	Elgin (East)	60120	$464	22,307
24	Aurora (East Central)	60505	$321	23,952

Source: Illinois Department of Revenue; Blockshopper.com

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How much more will your community pay?

With state income taxes increased to 4.95 percent from 3.75 percent, how much more will taxpayers in your community pay for state government?

Ranking	Communities	Zip	Estimated State Income Tax Increase
1	St. Charles (West)	60175	$19,367,603
1	Geneva	60134	$17,591,788
2	St. Charles (Central)	60174	$16,540,148
3	Batavia	60510	$13,649,130
4	Algonquin	60102	$13,471,395
5	Aurora (Southeast)	60504	$12,060,418
6	Aurora (Northeast)	60502	$11,565,985
7	Aurora (West)	60506	$11,170,327
8	Elgin (West)	60123	$10,710,232
9	Elgin (East)	60120	$10,355,922
10	Elgin (Far West)	60124	$9,938,864
11	Huntley	60142	$8,628,264
12	Carpentersville	60110	$8,387,593
13	South Elgin	60177	$8,183,901
14	Aurora (East Central)	60505	$7,685,888
15	Montgomery	60538	$7,136,856
16	West Dundee / East Dundee / Sleepy Hollow	60118	$7,110,323
17	North Aurora	60542	$6,428,819
18	Pingree Grove / Hampshire	60140	$5,982,216
19	Sugar Grove	60554	$5,817,479
20	Campton Hills / Elburn	60119	$4,955,602
21	Gilberts	60136	$3,054,800
22	Wayne	60184	$2,739,292
23	Big Rock	60511	$853,249
	TOTAL		$223,386,094