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Metro East Sun

Friday, November 22, 2024

Income tax hike will cost Fults residents $342,068.61 more this year, ranked 4th in Monroe County

Property tax 7

Fults taxpayers will pay an additional $342,068.61 in 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 city.

Fults's estimated increase in income tax payments ranks fourth out of 7 Monroe County cities, with an average increase of $742.01 per person. All told, the entire Monroe County will collectively pay an extra $12,567,425.33 in income taxes this year, according to the analysis.

Retroactive to July 1, the higher rate now 4.95 percent, up from 3.75 percent will be withheld from employee paychecks over the remaining 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.

The following table shows how cities within Monroe County compare:

City
Estimated increase
Ranking
Waterloo
$5,948,870.42
1
Columbia
$5,704,193.08
2
Valmeyer
$421,787.93
3
Fults
$342,068.61
4
Hecker
$104,163.10
5
Maeystown
$32,089.43
6
Renault
$14,252.76
7

Here's how all cities within the Metro East Sun coverage area will fare under the tax hike:

County
City
Estimated increase
Saint Clair
Belleville
$24,013,638.46
Madison
Edwardsville
$12,695,537.58
Saint Clair
O Fallon
$10,054,162.13
Madison
Collinsville
$7,775,737.02
Madison
Granite City
$7,657,016.47
Madison
Alton
$6,237,442.71
Monroe
Waterloo
$5,948,870.42
Monroe
Columbia
$5,704,193.08
Madison
Highland
$5,218,429.16
Madison
Glen Carbon
$5,129,576.01
Madison
Troy
$4,602,138.37
Madison
Godfrey
$4,474,061.39
Saint Clair
Fairview Heights
$3,956,835.30
Saint Clair
East Saint Louis
$3,586,680.84
Madison
Maryville
$3,217,861.69
Jersey
Jerseyville
$2,845,099.75
Madison
Bethalto
$2,808,544.18
Saint Clair
Millstadt
$2,548,684.48
Saint Clair
Mascoutah
$2,465,554.65
Madison
Wood River
$2,133,930.45
Madison
East Alton
$1,873,476.91
Saint Clair
Freeburg
$1,781,981.28
Macoupin
Brighton
$1,764,845.82
Saint Clair
Caseyville
$1,669,802.07
Saint Clair
Smithton
$1,668,001.83
Saint Clair
Lebanon
$1,373,922.78
Madison
Saint Jacob
$1,026,704.45
Saint Clair
Dupo
$894,127.91
Saint Clair
New Athens
$884,461.27
Madison
Worden
$858,647.96
Madison
Moro
$747,324.40
Saint Clair
Marissa
$641,462.09
Madison
Marine
$512,307.91
Madison
Alhambra
$511,668.54
Jersey
Grafton
$508,209.35
Madison
Cottage Hills
$438,315.86
Monroe
Valmeyer
$421,787.93
Madison
Madison
$420,244.75
Monroe
Fults
$342,068.61
Madison
Hamel
$297,246.18
Saint Clair
East Carondelet
$287,101.46
Madison
Dorsey
$285,293.06
Jersey
Dow
$282,861.87
Madison
New Douglas
$279,186.13
Jersey
Medora
$274,231.91
Madison
South Roxana
$269,241.64
Madison
Roxana
$266,399.98
Madison
Hartford
$220,785.04
Saint Clair
Lenzburg
$205,320.10
Jersey
Elsah
$204,422.35
Jersey
Fieldon
$192,712.35
Saint Clair
Saint Libory
$192,052.45
Madison
Livingston
$127,877.80
Saint Clair
Scott Air Force Base
$121,203.06
Monroe
Hecker
$104,163.10
Madison
Venice
$92,240.77
Saint Clair
Summerfield
$85,423.42
Macoupin
Piasa
$79,521.45
Saint Clair
Lovejoy
$39,471.17
Monroe
Maeystown
$32,089.43
Monroe
Renault
$14,252.76
Jersey
Fidelity
$6,928.65

The following cities will experience the highest estimated increase:

County
City
Estimated increase
Sangamon
Springfield
$42,257,034.74
Winnebago
Rockford
$38,854,900.95
Peoria
Peoria
$35,750,546.94
McLean
Bloomington
$26,015,757.78
Saint Clair
Belleville
$24,013,638.46
Macon
Decatur
$18,513,548.57
Adams
Quincy
$13,606,291.30
Madison
Edwardsville
$12,695,537.58
McLean
Normal
$11,862,626.89
Rock Island
Moline
$11,263,559.71

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