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Monday, December 23, 2024

South Cook County taxpayers to pay an extra $219M with passage of tax hike law

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South Cook County taxpayers will see a total of $219 million in state income tax increases after SB 9, a tax hike measure, passed the Democrat-controlled Illinois State Senate to become law.

The South Cook communities that will see the largest collective increases include Northeast Orland Park ($15.9 million), Oak Lawn ($15.6 million), Southwest Orland Park ($14.7 million), East Tinley Park ($12.5 million) and Lemont ($11.6 million).

Taxpayers from Palos Park ($1,359), Flossmoor ($1,205), Southwest Orland Park ($1,112) and Lemont ($1,029) 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 South Cook 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 South Cook County

Which communities pay the highest income taxes in the south suburbs?

RankingCommunitiesZipAverage State Income Tax IncreaseTotal Returns filed by Zip
1Palos Park60464$1,3594,885
2Flossmoor60422$1,2054,407
3Orland Park (Southwest)60467$1,11213,193
4Lemont60439$1,02911,296
5Palos Heights60463$9007,392
6Orland Hills / Tinley Park (West)60487$81312,860
7Orland Park (Northeast)60462$79120,078
8Olympia Fields60461$7822,125
9Evergreen Park60805$6699,249
10Tinley Park (East)60477$64819,345
11Homewood60430$6489,144
12Oak Forest60452$59813,085
13Oak Lawn60453$57127,306
14Hickory Hills60457$5356,550
15Palos Hills60465$5268,747
16Crestwood / Midlothian60445$51011,852
17Matteson60443$5108,720
18Lansing60438$49012,629
19Alsip / Merrionette Park60803$48810,255
20Thornton60476$4841,067
21South Holland60473$4779,563
22Richton Park60471$4705,260
23Burbank60459$45113,086
24Worth60482$4475,100
25Steger60475$4464,263
26Burnham60633$4454,981
27Bridgeview60455$4437,105
28Glenwood60425$4403,757
29Hometown60456$4382,056
30Country Club Hills60478$4376,710
31Chicago Ridge60415$4256,116
32Justice60458$4176,040
33Hazel Crest / East Hazel Crest60429$4156,020
34Posen60469$3872,279
35Park Forest60466$3849,000
36Chicago Heights/Sauk Village/Lynwood/South Chicago Heights/ Ford Heights60411$36920,984
37Summit60501$3654,615
38Blue Island60406$3609,781
39Calumet City60409$35713,990
40Dolton60419$3538,782
41Markham60428$3064,444
42Riverdale / Calumet Park60827$2869,012
43Harvey / Dixmoor / Phoenix60426$2638,931
44Robbins60472$2491,466

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?

RankingCommunitiesZipEstimated State Income Tax Increase
1Orland Park (Northeast)60462$15,873,932
2Oak Lawn60453$15,590,897
3Orland Park (Southwest)60467$14,665,822
4Tinley Park (East)60477$12,544,821
5Lemont60439$11,625,830
6Orland Hills / Tinley Park (West)60487$10,450,571
7Oak Forest60452$7,820,474
8Chicago Heights/Sauk Village/Lynwood/South Chicago Heights/Ford Heights60411$7,750,941
9Palos Heights60463$6,651,373
10Palos Park60464$6,640,347
11Lansing60438$6,186,513
12Evergreen Park60805$6,184,021
13Crestwood / Midlothian60445$6,044,120
14Homewood60430$5,924,983
15Burbank60459$5,908,173
16Flossmoor60422$5,309,891
17Alsip / Merrionette Park60803$5,006,573
18Calumet City60409$4,989,469
19Palos Hills60465$4,603,527
20South Holland60473$4,563,235
21Matteson60443$4,446,740
22Blue Island60406$3,520,852
23Hickory Hills60457$3,504,728
24Park Forest60466$3,460,363
25Bridgeview60455$3,148,297
26Dolton60419$3,097,820
27Country Club Hills60478$2,932,209
28Chicago Ridge60415$2,601,489
29Riverdale / Calumet Park60827$2,581,564
30Justice60458$2,519,749
31Hazel Crest / East Hazel Crest60429$2,497,586
32Richton Park60471$2,473,684
33Harvey / Dixmoor / Phoenix60426$2,345,394
34Worth60482$2,279,220
35Burnham60633$2,218,156
36Steger60475$1,902,180
37Summit60501$1,686,118
38Olympia Fields60461$1,661,460
39Glenwood60425$1,652,191
40Markham60428$1,360,570
41Hometown60456$900,376
42Posen60469$882,863
43Thornton60476$516,750
44Robbins60472$365,040

TOTAL

$218,890,912

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

*Assumes tax increase will meet Senate Democrats' projections.

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