TAYLORVILLE (Heartland Newsfeed) — Christian County residents will pay an additional $8,197,968 in state 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 zip code.
The following Christian County communities will pay the most: Taylorville ($3,486,351 total/$507 per person), Pana ($1,437,691/$465), Moweaqua ($757,825/$595) and Edinburg ($492,474/$577).
Retroactive to July 1, the higher rate — now 4.95%, up from 3.75% — will be withheld from employee paychecks over the last six months of 2017.
Before the hike, someone earning $50,000 paid $72 in state income tax per paycheck when paid twice a month. 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.
—
How much more will your community pay?
State income taxes have increased to 4.95% from 3.75%. This chart shows how much more taxpayers in your community will pay for state government.
Ranking |
Community |
Zip |
Estimated State Income Tax Increase |
1 |
Taylorville |
62568 |
$3,486,351 |
2 |
Pana |
62557 |
$1,437,691 |
3 |
Moweaqua |
62550 |
$757,825 |
4 |
Edinburg |
62531 |
$492,474 |
5 |
Morrisonville |
62546 |
$418,808 |
6 |
Assumption |
62510 |
$401,654 |
7 |
Kincaid |
62540 |
$289,945 |
8 |
Stonington |
62567 |
$270,244 |
9 |
Mount Auburn |
62547 |
$258,577 |
10 |
Owaneco |
62555 |
$133,448 |
11 |
Tovey |
62570 |
$86,685 |
12 |
Palmer |
62556 |
$ 71,369 |
13 |
Rosamond |
62083 |
$61,651 |
14 |
Bulpitt |
62517 |
$31,245 |
|
Total |
|
$8,197,968 |
Sources: Illinois Department of Revenue; Blockshopper.com
Top income tax-paying communities in Christian County
This chart shows the ranking of communities by highest income taxes paid in Christian County.
Ranking |
Community |
Zip |
Average State Income Tax Increase |
Total Returns filed by Zip |
1 |
Mount Auburn |
62547 |
$754 |
343 |
2 |
Moweaqua |
62550 |
$595 |
1,273 |
3 |
Edinburg |
62531 |
$577 |
853 |
4 |
Owaneco |
62555 |
$573 |
233 |
5 |
Morrisonville |
62546 |
$561 |
746 |
6 |
Assumption |
62510 |
$544 |
738 |
7 |
Rosamond |
62083 |
$531 |
116 |
8 |
Taylorville |
62568 |
$507 |
6,873 |
9 |
Stonington |
62567 |
$503 |
537 |
10 |
Pana |
62557 |
$465 |
3,095 |
11 |
Palmer |
62556 |
$449 |
159 |
12 |
Tovey |
62570 |
$438 |
198 |
13 |
Kincaid |
62540 |
$396 |
732 |
14 |
Bulpitt |
62517 |
$376 |
83 |
Sources: Illinois Department of Revenue; Blockshopper.com; Illinois Senate Democrats
*Assumes tax increase will meet Senate Democrats’ projections.
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