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Monday, November 25, 2024

Metro-East area taxpayers will pay an extra $117M with passage of tax hike law

Illinoiscapitol

Metro-East area taxpayers will see a total of $117 million in state income tax increases after SB 9, a tax hike measure, passed the Democrat-controlled Illinois State Senate to become law.

The community in Metro-East that will see the largest increase is Edwardsville, with a $12.7 million total increase and a $905 average increase.

Other communities that will see large collective increases include O'Fallon ($10 million), Collinsville ($7.8 million), Granite City/Pontoon Beach ($7.7 million) and North Belleville/Swansea ($7.5 million).

Taxpayers from St. Jacob ($891), Maryville ($855), Glen Carbon ($820) and Smithton ($814) 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 Metro-East 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 the Metro-East

Which communities pay the highest income taxes in Madison & St. Clair Counties?

RankingCommunitiesZipAverage State Income Tax IncreaseTotal Returns filed by Zip
1Edwardsville62025$90514,035
2St. Jacob62281$8911,153
3Maryville62062$8553,765
4Glen Carbon62034$8206,257
5Smithton62285$8142,049
6Millstadt62260$7273,504
7O'Fallon62269$72713,840
8Hamel62046$716415
9Troy62294$7096,495
10Highland62249$6997,461
11Moro62067$6741,109
12Worden62097$6731,276
13Dorsey62021$662431
14Freeburg62243$6462,760
15St. Libory62282$642299
16Belleville (West)62223$6407,784
17Alhambra62001$631811
18Marine62061$630813
19Godfrey62035$6227,196
20Belleville (East) / Shiloh62221$61511,482
21New Douglas62074$607460
22Mascoutah62258$5934,155
23Belleville (North) / Swansea62226$59312,697
24Lebanon62254$5922,320
25New Athens62264$5881,504
26Caseyville62232$5812,876
27Bethalto62010$5724,908
28Belleville (South)62220$5418,146
29Collinsville62234$53614,516
30Fairview Heights62208$5177,653
31Marissa62257$5151,245
32Alton / Godfrey62002$48612,833
33East Alton / Rosewood Heights62024$4604,077
34Kendall Hill62095$4454,801
35Wood River62095$4454,801
36Dupo62239$4432,018
37Granite City / Pontoon Beach62040$43617,548
38Lenzburg62255$432475
39Roxana62084$402662
40Livingston62058$393325
41Hartford62048$390566
42South Roxana62087$352765
43Madison62060$2831,486
44Cahokia62206$2774,575
45Venice62090$256360
46East St. Louis (West)62201$2341,848
47Fairmont City62201$2341,848
48Centreville62203$2262,266
49East St. Louis (Central)62203$2262,266
50East St. Louis (East)62205$2182,492
51Centreville / Alorton62207$2132,220
52Brooklyn62059$201196
53Washington Park62204$1881,748

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
1Edwardsville62025$12,696,429
2O'Fallon62269$10,054,868
3Collinsville62234$7,776,283
4Granite City / Pontoon Beach62040$7,657,554
5Belleville (North) / Swansea62226$7,529,303
6Belleville (East) / Shiloh62221$7,057,673
7Alton / Godfrey62002$6,237,881
8Highland62249$5,218,796
9Glen Carbon62034$5,129,936
10Belleville (West)62223$4,977,909
11Troy62294$4,602,461
12Godfrey62035$4,474,376
13Belleville (South)62220$4,409,507
14Fairview Heights62208$3,957,113
15Maryville62062$3,218,088
16Bethalto62010$2,808,741
17Millstadt62260$2,548,863
18Mascoutah62258$2,465,728
19Kendall Hill62095$2,134,080
20Wood River62095$2,134,080
21East Alton / Rosewood Heights62024$1,873,608
22Freeburg62243$1,782,106
23Caseyville62232$1,669,919
24Smithton62285$1,668,119
25Lebanon62254$1,374,019
26Cahokia62206$1,267,784
27St. Jacob62281$1,026,777
28Dupo62239$894,191
29New Athens62264$884,523
30Worden62097$858,708
31Moro62067$747,377
32Marissa62257$641,507
33East St. Louis (East)62205$543,353
34Marine62061$512,344
35Alhambra62001$511,704
36Centreville62203$511,195
37East St. Louis (Central)62203$511,195
38Centreville / Alorton62207$473,514
39East St. Louis (West)62201$432,528
40Fairmont City62201$432,528
41Madison62060$420,274
42Washington Park62204$327,917
43Hamel62046$297,267
44Dorsey62021$285,313
45New Douglas62074$279,206
46South Roxana62087$269,261
47Roxana62084$266,419
48Hartford62048$220,801
49Lenzburg62255$205,335
50St. Libory62282$192,066
51Livingston62058$127,887
52Venice62090$92,247
53Brooklyn62059$39,474

TOTAL

$116,725,224

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

*Assumes tax increase will meet Senate Democrats' projections.

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