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Kane County Reporter

Sunday, December 22, 2024

Kane County taxpayers would pay an extra $223M if Democrats’ tax hike becomes law

Cullerton

State Sen. John Cullerton (D-Chicago) is eager to raise state income taxes. Taxpayers in his north side district will pay the most. | City Club of Chicago

State Sen. John Cullerton (D-Chicago) is eager to raise state income taxes. Taxpayers in his north side district will pay the most. | City Club of Chicago

Kane County taxpayers would see a total of $223 million in state income tax increases if a tax hike measure passed by the Democrat-controlled Illinois State Senate becomes law.

Kane County communities that would 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) would see the highest average increases.

Led by Senate President John Cullerton (D-Chicago), Democrats passed the individual income tax hike last week-- from 3.75 percent to 4.95 percent-- along with a broader set of tax increases on businesses.

If their projections prove correct, individual Illinois taxpayers will send an additional $4.453 billion to Springfield each year as a result of the higher rates. Businesses will pay another $1 billon.

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?

RankingCommunitiesZipAverage State Income Tax IncreaseTotal Returns filed by Zip
1Wayne60184$2,2981,192
2St. Charles (West)60175$1,76910,949
3Geneva60134$1,27513,798
4Aurora (Northeast)60502$1,1979,664
5St. Charles (Central)60174$1,08015,312
6Sugar Grove60554$1,0605,490
7Campton Hills / Elburn60119$1,0494,726
8Elgin (Far West)60124$1,0239,715
9Batavia60510$1,00813,544
10Big Rock60511$997856
11Gilberts60136$9653,165
12West Dundee / East Dundee / Sleepy Hollow60118$9027,879
13Algonquin60102$89815,002
14South Elgin60177$81410,051
15North Aurora60542$8107,938
16Pingree Grove / Hampshire60140$8027,457
17Aurora (Southeast)60504$73616,389
18Huntley60142$66712,931
19Montgomery60538$61111,690
20Carpentersville60110$51316,345
21Aurora (West)60506$50122,308
22Elgin (West)60123$49921,482
23Elgin (East)60120$46422,307
24Aurora (East Central)60505$32123,952

Source: Illinois Department of Revenue; Blockshopper.com

How much more will your community pay?

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

RankingCommunitiesZipEstimated State Income Tax Increase
1St. Charles (West)60175$19,367,603
1Geneva60134$17,591,788
2St. Charles (Central)60174$16,540,148
3Batavia60510$13,649,130
4Algonquin60102$13,471,395
5Aurora (Southeast)60504$12,060,418
6Aurora (Northeast)60502$11,565,985
7Aurora (West)60506$11,170,327
8Elgin (West)60123$10,710,232
9Elgin (East)60120$10,355,922
10Elgin (Far West)60124$9,938,864
11Huntley60142$8,628,264
12Carpentersville60110$8,387,593
13South Elgin60177$8,183,901
14Aurora (East Central)60505$7,685,888
15Montgomery60538$7,136,856
16West Dundee / East Dundee / Sleepy Hollow60118$7,110,323
17North Aurora60542$6,428,819
18Pingree Grove / Hampshire60140$5,982,216
19Sugar Grove60554$5,817,479
20Campton Hills / Elburn60119$4,955,602
21Gilberts60136$3,054,800
22Wayne60184$2,739,292
23Big Rock60511$853,249

TOTAL

$223,386,094

Sources: Illinois Department of Revenue; Blockshopper.com; Illinois Senate Democrats

*Assumes tax increase will meet Senate Democrats' projections.

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