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Saturday, November 23, 2024

Analysis: Income tax hike will cost Crawford County residents $4.7M more this year

Hutsonville

Hutsonville's business district, a city where residents are projected to experience a $239,075 tax increase. | Wikimedia Commons

Hutsonville's business district, a city where residents are projected to experience a $239,075 tax increase. | Wikimedia Commons

Crawford County residents will pay an additional $4,764,311 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 Crawford County communities will pay the most: Robinson ($2,742,384 total/$585 per person), Oblong ($738,541/$525), Palestine ($448,754/$490) and Flat Rock ($379,002/$521). 

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
1Robinson62454$2,742,384
2Oblong62449$738,541
3Palestine62451$448,754
4Flat Rock62427$379,002
5Hutsonville62433$239,075
6Annapolis62413$109,597
7West York62478$88,698
8Stoy62464$18,262

Total

$4,764,311

Sources: Illinois Department of Revenue; Blockshopper.com

 

Top income tax-paying communities in Crawford County

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

RankingCommunityZipAverage State Income Tax Increase*Total Returns filed by Zip
1Robinson62454$5854,687
2Annapolis62413$583188
3Hutsonville62433$582411
4West York62478$538165
5Oblong62449$5251,406
6Flat Rock62427$521727
7Palestine62451$490915
8Stoy62464$38048
Sources: Illinois Department of Revenue; Blockshopper.com; Illinois Senate Democrats

*Assumes tax increase will meet Senate Democrats' projections.

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