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Thursday, November 21, 2024

Illinois' Income tax hike: which Chicagoland communities will pay the most?

Cullerton

State Sen. John Cullerton (D-Chicago) is eager to raise state income taxes. Taxpayers in his north side district will pay the most. | City Club of Chicago

State Sen. John Cullerton (D-Chicago) is eager to raise state income taxes. Taxpayers in his north side district will pay the most. | City Club of Chicago

Taxpayers in the the City of Chicago's seventeen wealthiest zip codes would pay an additional $473 million in state income taxes if a tax hike measure passed by the Democrat-controlled Illinois State Senate becomes law.

They represent 21 percent of all Chicagoans filing tax returns, and 51 percent of all state income taxes paid by Chicagoans, according to an analysis of Illinois Department of Revenue (IDOR) data by Local Government Information Services (LGIS), which publishes Chicago City Wire.

Taxpayers in three Chicago Loop zip codes (60604, 60603, 60606) and the Magnificent Mile (60611) will see the highest average increases, ranging from an additional $4,000 to $8,000 per year.

The Magnificent Mile, Lincoln Park (60614), Lake View (60657) and the Gold Coast (60610) will see the largest collective increases; the four neighborhoods alone would pay an additional $276 million in state income taxes, according to the measure.

Led by Senate President John Cullerton (D-Chicago), whose district includes three of those four communities, Democrats passed the individual income tax hike last week-- from 3.75 percent to 4.95 percent-- along with a broader set of tax increases on businesses.

If their projections prove correct, individual Illinois taxpayers will send an additional $4.453 billion to Springfield each year as a result of the higher rates. Businesses will pay another $1 billon.

Kenilworth, Chicago Loop, Glencoe lead the pack

LGIS looked at 2014 income taxes paid by zip code to create a ranking of the highest-paying Chicago-area communities, which will face the brunt of an income tax hike.

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.

Four of the top five zip codes encompass north shore suburbs, including Kenilworth (60643), Glencoe (60022), Winnetka/Northfield (60093) and Lake Forest (60045). They'll pay between $5,000 and $9,000 additional per year.

City of Chicago zip codes ranked second, sixth, seventh and ninth.

West suburbs Hinsdale (60521) ranked eighth and Oak Brook (60523) ranked tenth.

Statewide, the 100 top Chicago-area zip codes make up 20 percent of all Illinois taxpayers and 42 percent of all state income taxes paid. 

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Top income tax-paying communities in Chicagoland

Which communities pay the highest income taxes in the Chicago area?

RankingCommunitiesZipRegionTotalAverage State Income Tax Increase*
1Kenilworth60043North Shore1,191$9,936
2Chicago- Loop (South Central)60604Chicago659$7,915
3Glencoe60022North Shore3,837$7,578
4Winnetka/Northfield60093North Shore9,347$6,954
5Lake Forest60045North Shore9,905$5,579
6Chicago Mag Mile60611Chicago17,771$5,052
7Chicago Loop (East Central)60603Chicago1,316$4,542
8Hinsdale60521DuPage7,984$4,494
9Chicago Loop (West Central)60606Chicago2,408$4,079
10Oak Brook60523DuPage5,287$3,822
11Highland Park60035North Shore14,744$3,355
12Golf60029North Shore276$2,815
13Chicago Loop (Central)60602Chicago1,386$2,764
14Wilmette60091North Shore12,667$2,682
15Barrington/Barrington Hills60010Northwest Cook20,747$2,650
16River Forest60305West Cook4,957$2,639
17Chicago- Lincoln Park60614Chicago35,054$2,549
18Chicago Loop (North Central)60601Chicago7,069$2,506
19Deerfield/Riverwoods/Bannockburn60015North Shore13,017$2,436
20Western Springs60558West Cook6,092$2,414
21Wayne60184Northwest Cook1,192$2,298
22Chicago- River North60654Chicago11,007$2,193
23Lake Bluff60044North Shore4,692$2,149
24Clarendon Hills60514DuPage4,607$2,059
25Glenview (North)60026North Shore20,318$2,028
26Chicago-Gold Coast60610Chicago20,883$1,986
27Libertyville60048Lake14,067$1,952
28Lake Zurich60047Lake19,497$1,893
29Lincolnshire60069Lake4,063$1,849
30Campton Hills60175Kane10,949$1,769
31Burr Ridge/Willowbrook60527West Cook14,241$1,690
32Naperville (South Central)60564DuPage17,928$1,646
33Naperville (Southwest)60540DuPage19,518$1,642
34Evanston (Northeast)60201North Shore17,026$1,642
35Glenview (South)60025North Shore19,473$1,612
36Oak Park60302West Cook14,786$1,560
37Chicago- South Loop60605Chicago12,069$1,532
38Elmhurst60126DuPage21,386$1,486
39Glen Ellyn60137DuPage17,991$1,483
40Chicago- West Loop60661Chicago6,141$1,465
41Evanston (Northwest)60203North Shore2,114$1,461
42Chicago- West Loop/Little Italy60607Chicago12,313$1,424
43Chicago- Lake View60657Chicago39,724$1,389
44Palos Park60464Southwest Cook4,885$1,359
45Wheaton (South)60189DuPage15,132$1,341
46Palatine/Inverness60067Northwest Cook19,706$1,341
47Park Ridge60068Northwest Cook18,893$1,328
48Naperville (Southeast)60565DuPage18,690$1,313
49Geneva60134Kane13,798$1,275
50Crystal Lake60012McHenry5,049$1,236
51Plainfield (North)60585Will9,310$1,218
52Downers Grove60515DuPage13,592$1,215
53Wheaton (North)60187DuPage12,486$1,210
54Flossmoor60422South Cook4,407$1,205
55Lincolnwood60712Northwest Cook6,065$1,172
56Chicago- Wrigleyville/Buena Park60613Chicago27,816$1,169
57Vernon Hills60661Lake12,278$1,167
58La Grange/Countryside60525West Cook15,282$1,157
59Chicago- Wicker Park/Ukranian Village60622Chicago26,559$1,127
60Frankfort60423Will14,746$1,122
61Orland Park (West)60467Southwest Cook13,193$1,112
62Hoffman Estates (West)60192Northwest Cook7,356$1,093
63Medinah60157DuPage1,309$1,089
64St. Charles60174Kane15,312$1,080
65Chicago- River West/Goose Island60642Chicago10,109$1,078
66Buffalo Grove60089Lake21,127$1,073
67Evanston (Southeast)60202North Shore15,329$1,073
68Arlington Heights (North)60004Northwest Cook25,736$1,067
69Sugar Grove60554Kane5,490$1,060
70Wadsworth60083Lake4,460$1,056
71Winfield60190DuPage5,589$1,052
72Elburn60119Kane4,726$1,049
73Mokena60448Will11,993$1,046
74Naperville (North)60563DuPage17,295$1,040
75Lemont60439Southwest Cook11,296$1,029
76Oak Park (South)60304West Cook7,563$1,023
77Elgin (West)60124Kane9,715$1,023
78Arlington Heights (South)60005Northwest Cook14,933$1,017
79Batavia60510Kane13,544$1,008
80Big Rock60511Kane856$997
81Homer Glen60491Will11,007$995
82La Grange Park60526West Cook6,481$982
83Bolingbrook60490Will8,629$970
84Aurora (Southeast)60503Kane6,307$967
85Gilberts60136Kane3,165$965
86Chicago- Edgebrook60646Chicago12,868$965
87Riverside/North Riverside60546West Cook7,666$960
88Cary/Oakwood Hills60013McHenry12,482$957
89Itasca60143DuPage5,336$956
90Gurnee60031Lake17,975$950
91Oak Park (Downtown)60301West Cook1,249$942
92Lisle60532DuPage13,942$934
93Union Hill60969Kankakee30$926
94Lake Villa/Lindenhurst60046Lake15,899$912
95West Dundee/Sleepy Hollow60118Kane7,879$902
96Palos Heights60463Southwest Cook7,392$900
97Downers Grove (South)60516DuPage14,726$900
98Ringwood60072McHenry476$897
99Grayslake/Hainesville60030Lake17,277$882
100Olympia Fields60461South Cook2,125$782

Source: Illinois Department of Revenue; Blockshopper.com

How much more will your community pay?

If state income taxes are increased to 4.95 percent from 3.75 percent, how much more will taxpayers in your community pay for state government?

RankCommunitiesZipRegionEstimated State Income Tax Increase*
1Chicago Mag Mile60611Chicago$89,776,628
2Chicago- Lincoln Park60614Chicago$89,363,243
3Winnetka/Northfield60093North Shore$64,999,991
4Lake Forest60045North Shore$55,255,487
5Chicago- Lake View60657Chicago$55,166,864
6Barrington/Barrington Hills60010Northwest Cook$54,972,193
7Highland Park60035North Shore$49,471,838
8Chicago-Gold Coast60610Chicago$41,464,448
9Glenview (North)60026North Shore$41,214,952
10Lake Zurich60047Lake$36,916,710
11Hinsdale60521DuPage$35,881,230
12Wilmette60091North Shore$33,968,377
13Chicago- Wrigleyville/Buena Park60613Chicago$32,519,087
14Naperville (Southwest)60540DuPage$32,056,075
15Elmhurst60126DuPage$31,774,713
16Deerfield/Riverwoods/Bannockburn60015North Shore$31,708,123
17Glenview (South)60025North Shore$31,396,002
18Chicago- Wicker Park/Ukranian Village60622Chicago$29,942,582
19Naperville (South Central)60564DuPage$29,506,041
20Glencoe60022North Shore$29,075,590
21Evanston (Northeast)60201North Shore$27,950,672
22Arlington Heights (North)60004Northwest Cook$27,469,479
23Libertyville60048Lake$27,454,585
24Glen Ellyn60137DuPage$26,676,240
25Palatine/Inverness60067Northwest Cook$26,419,667
26Park Ridge60068Northwest Cook$25,091,630
27Naperville (Southeast)60565DuPage$24,547,747
28Chicago- River North60654Chicago$24,134,889
29Burr Ridge/Willowbrook60527West Cook$24,066,011
30Oak Park60302West Cook$23,058,845
31Buffalo Grove60089Lake$22,665,393
32Wheaton (South)60189DuPage$20,292,064
33Oak Brook60523DuPage$20,207,865
34Campton Hills60175Kane$19,367,603
35Chicago- South Loop60605Chicago$18,490,028
36Naperville (North)60563DuPage$17,991,627
37Chicago Loop (North Central)60601Chicago$17,718,109
38La Grange/Countryside60525West Cook$17,683,880
39Geneva60134Kane$17,591,788
40Chicago- West Loop/Little Italy60607Chicago$17,531,637
41Gurnee60031Lake$17,084,127
42Frankfort60423Will$16,544,192
43St. Charles60174Kane$16,540,148
44Downers Grove60515DuPage$16,521,041
45Evanston (Southeast)60202North Shore$16,442,943
46Grayslake/Hainesville60030Lake$15,245,565
47Arlington Heights (South)60005Northwest Cook$15,191,059
48Wheaton (North)60187DuPage$15,109,312
49Western Springs60558West Cook$14,706,700
50Orland Park (West)60467Southwest Cook$14,665,822
51Lake Villa/Lindenhurst60046Lake$14,503,111
52Vernon Hills60661Lake$14,327,439
53Batavia60510Kane$13,649,130
54Downers Grove (South)60516DuPage$13,249,171
55River Forest60305West Cook$13,080,012
56Lisle60532DuPage$13,018,065
57Mokena60448Will$12,548,472
58Chicago- Edgebrook60646Chicago$12,419,815
59Cary/Oakwood Hills60013McHenry$11,941,110
60Kenilworth60043North Shore$11,833,256
61Lemont60439Southwest Cook$11,625,830
62Plainfield (North)60585Will$11,338,567
63Homer Glen60491Will$10,956,582
64Chicago- River West/Goose Island60642Chicago$10,900,288
65Lake Bluff60044North Shore$10,084,181
66Elgin (West)60124Kane$9,938,864
67Chicago Loop (West Central)60606Chicago$9,821,771
68Clarendon Hills60514DuPage$9,486,107
69Chicago- West Loop60661Chicago$8,997,203
70Bolingbrook60490Will$8,368,886
71Hoffman Estates (West)60192Northwest Cook$8,042,136
72Oak Park (South)60304West Cook$7,739,309
73Lincolnshire60069Lake$7,513,322
74Riverside/North Riverside60546West Cook$7,358,011
75West Dundee/Sleepy Hollow60118Kane$7,110,323
76Lincolnwood60712Northwest Cook$7,105,718
77Palos Heights60463Southwest Cook$6,651,373
78Palos Park60464Southwest Cook$6,640,347
79La Grange Park60526West Cook$6,367,278
80Crystal Lake60012McHenry$6,242,231
81Aurora (Southeast)60503Kane$6,097,934
82Chicago Loop (East Central)60603Chicago$5,977,289
83Winfield60190DuPage$5,879,128
84Sugar Grove60554Kane$5,817,479
85Flossmoor60422South Cook$5,309,891
86Chicago- Loop (South Central)60604Chicago$5,215,773
87Itasca60143DuPage$5,103,850
88Elburn60119Kane$4,955,602
89Wadsworth60083Lake$4,710,474
90Chicago Loop (Central)60602Chicago$3,830,784
91Evanston (Northwest)60203North Shore$3,087,674
92Gilberts60136Kane$3,054,800
93Wayne60184Northwest Cook$2,739,292
94Olympia Fields60461South Cook$1,661,460
95Medinah60157DuPage$1,425,966
96Oak Park (Downtown)60301West Cook$1,176,295
97Big Rock60511Kane$853,249
98Golf60029North Shore$777,077
99Ringwood60072McHenry$426,810
100Union Hill60969Kankakee$27,785

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

*Assumes tax increase will meet Senate Democrats' projections.

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