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
McHenry County taxpayers would see a total of $173.7 million in state income tax increases if a tax hike measure passed by the Democrat-controlled Illinois State Senate becomes law.
The community in McHenry County that would see the largest increase is Barrington Hills/Port Barrington, with a $55 million total increase and a $2,650 average increase.
Other communities that would see large collective increases include Crystal Lake (South)/Lakewood ($18.5 million), Algonquin ($13.5 million), Cary/Oakwood Hills ($11.9 million) and Lake in the Hills ($10.5 million).
Taxpayers from Crystal Lake (North)/Prairie Grove ($1,236), Cary/Oakwood Hills ($957), Algonquin ($898) and Fox River Grove ($897) would see the highest average increases.
Led by Senate President John Cullerton (D-Chicago), 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.
LGIS looked at 2014 income taxes paid by zip code to create a ranking of the highest-paying McHenry County 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 McHenry County
Which communities pay the highest income taxes in McHenry County?
Ranking | Communities | Zip | Average State Income Tax Increase | Total Returns filed by Zip |
1 | Barrington Hills / Port Barrington | 60184 | $2,650 | 20,747 |
2 | Crystal Lake (North) /Prairie Grove | 60175 | $1,236 | 5,049 |
3 | Cary / Oakwood Hills | 60175 | $957 | 12,482 |
4 | Algonquin | 60134 | $898 | 15,002 |
5 | Fox River Grove | 60502 | $897 | 2,583 |
6 | Spring Grove | 60174 | $852 | 4,542 |
7 | Lake in the Hills | 60554 | $825 | 12,755 |
8 | Crystal Lake (South) / Lakewood | 60554 | $806 | 22,912 |
9 | Richmond | 60119 | $723 | 1,830 |
10 | Johnsburg (Central) / Pistakee Highlands / Lakemoor | 60124 | $715 | 11,984 |
11 | Hebron | 60510 | $712 | 912 |
12 | Woodstock / Bull Valley | 60511 | $685 | 14,833 |
13 | McHenry (West) / Johnsburg (South) / McCullom Lake | 60136 | $674 | 14,600 |
14 | Huntley | 60118 | $667 | 12,931 |
15 | Island Lake | 60102 | $661 | 4,111 |
16 | Marengo | 60177 | $654 | 5,844 |
17 | Union | 60542 | $646 | 765 |
18 | Wonder Lake | 60140 | $557 | 4,981 |
19 | Harvard | 60504 | $486 | 5,983 |
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?
Ranking | Communities | Zip | Estimated State Income Tax Increase |
1 | Barrington Hills / Port Barrington | 60010 | $54,972,193 |
2 | Crystal Lake (South) / Lakewood | 60014 | $18,460,727 |
3 | Algonquin | 60102 | $13,471,395 |
4 | Cary / Oakwood Hills | 60013 | $11,941,110 |
5 | Lake in the Hills | 60156 | $10,529,128 |
6 | Woodstock / Bull Valley | 60098 | $10,159,795 |
7 | McHenry (West) / Johnsburg (South) / McCullom Lake | 60050 | $9,839,310 |
8 | Huntley | 60142 | $8,628,264 |
9 | Johnsburg (Central) / Pistakee Highlands / Lakemoor | 60051 | $8,567,167 |
10 | Crystal Lake (North) /Prairie Grove | 60012 | $6,242,231 |
11 | Spring Grove | 60081 | $3,869,977 |
12 | Marengo | 60152 | $3,819,381 |
13 | Harvard | 60033 | $2,908,934 |
14 | Wonder Lake | 60097 | $2,776,652 |
15 | Island Lake | 60042 | $2,719,340 |
16 | Fox River Grove | 60021 | $2,315,843 |
17 | Richmond | 60071 | $1,322,908 |
18 | Hebron | 60034 | $649,761 |
19 | Union | 60180 | $494,061 |
TOTAL | $173,688,177 |
Sources: Illinois Department of Revenue; Blockshopper.com; Illinois Senate Democrats
*Assumes tax increase will meet Senate Democrats' projections.