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Kankakee Times

Friday, April 26, 2024

Income tax hike will cost Chebanse residents $590,508.52 more this year, ranked 3rd in Iroquois County

Property tax 6

Chebanse taxpayers will pay an additional $590,508.52 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.

Chebanse's estimated increase in income tax payments ranks third out of 23 Iroquois County cities, with an average increase of $525.36 per person. All told, the entire Iroquois County will collectively pay an extra $6,985,481.75 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 Iroquois County compare:

City
Estimated increase
Ranking
Watseka
$1,570,800.79
1
Clifton
$621,299.47
2
Chebanse
$590,508.52
3
Milford
$516,672.49
4
Loda
$486,652.74
5
Gilman
$438,259.55
6
Ashkum
$407,724.09
7
Onarga
$388,665.50
8
Cissna Park
$387,025.50
9
Sheldon
$268,372.56
10
Martinton
$212,426.88
11
Buckley
$210,256.96
12
Danforth
$189,949.89
13
Crescent City
$161,715.90
14
Donovan
$148,213.29
15
Thawville
$100,253.19
16
Beaverville
$92,934.34
17
Wellington
$85,626.81
18
Woodland
$44,742.97
19
Iroquois
$26,124.58
20
Papineau
$14,116.47
21
Stockland
$12,474.09
22
Claytonville
$10,665.17
23

Here's how all cities within the Kankakee Times coverage area will fare under the tax hike:

County
City
Estimated increase
Kankakee
Bourbonnais
$7,966,212.62
Kankakee
Kankakee
$6,220,809
Kankakee
Manteno
$3,071,826.22
Kankakee
Bradley
$2,092,778.23
Kankakee
Saint Anne
$1,271,641.48
Kankakee
Momence
$1,190,722.62
Kankakee
Grant Park
$918,012.84
Kankakee
Herscher
$602,205.10
Iroquois
Chebanse
$590,508.52
Kankakee
Bonfield
$472,594.42
Kankakee
Essex
$346,026.41
Kankakee
Reddick
$205,536.39
Kankakee
Buckingham
$159,971.70
Kankakee
Aroma Park
$85,737.58
Kankakee
Union Hill
$27,783
Kankakee
Hopkins Park
$21,091.42

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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