McHenry Times

McHenry County taxpayers will see a total of $173.7 million in state income tax increases now that Senate Bill 9, a tax hike measure, passed the Democrat-controlled Illinois Senate and has gone on to become law.

The community in McHenry County that will see the largest increase is Barrington Hills/Port Barrington, with a $55 million total increase and a $2,650 average increase.

Other communities that will 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) will see the highest average increases.

SB 9, a revenue bill that would generate $5.4 billion by raising the income tax rate to 4.95 percent from 3.75 percent and the corporate tax rate to 7 percent from 5.25 percent, passed the Senate and House. Gov. Bruce Rauner then vetoed the bill, but the Senate quickly overrode his veto and the House followed suit.

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 expected their tax hike to 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 – 5 percent, or approximately the level to which the Democrats hoped 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	60010	$2,650	20,747
2	Crystal Lake (North) /Prairie Grove	60012	$1,236	5,049
3	Cary / Oakwood Hills	60013	$957	12,482
4	Algonquin	60102	$898	15,002
5	Fox River Grove	60021	$897	2,583
6	Spring Grove	60081	$852	4,542
7	Lake in the Hills	60156	$825	12,755
8	Crystal Lake (South) / Lakewood	60014	$806	22,912
9	Richmond	60071	$723	1,830
10	Johnsburg (Central) / Pistakee Highlands / Lakemoor	60051	$715	11,984
11	Hebron	60034	$712	912
12	Woodstock / Bull Valley	60098	$685	14,833
13	McHenry (West) / Johnsburg (South) / McCullom Lake	60050	$674	14,600
14	Huntley	60142	$667	12,931
15	Island Lake	60042	$661	4,111
16	Marengo	60152	$654	5,844
17	Union	60180	$646	765
18	Wonder Lake	60097	$557	4,981
19	Harvard	60033	$486	5,983

Source: Illinois Department of Revenue; Blockshopper.com

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How much more will your community pay?

With state income taxes 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.