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West Central Reporter

Tuesday, April 23, 2024

Analysis: Income tax hike will cost Scott County residents $1.1M more this year

Winchester

Scott County Courthouse in Winchester, a city in which residents are projected to experience a $774,483 tax increase this year. | Nyttend via Wikimedia Commons

Scott County Courthouse in Winchester, a city in which residents are projected to experience a $774,483 tax increase this year. | Nyttend via Wikimedia Commons

Scott County residents will pay an additional $1,132,029 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 Scott County communities will pay the most: Winchester ($774,483 total/$549 per person), Bluffs ($264,245/$505), Manchester ($58,353/$414) and Alsey ($34,949/$380). 

Retroactive to July 1, the higher rate -- now 4.95 percent, up from 3.75 percent -- 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.

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How much more will your community pay?

State income taxes have increased to 4.95 percent from 3.75 percent. This chart shows how much more taxpayers in your community will pay for state government.

RankingCommunityZipEstimated State Income Tax Increase
1Winchester62694$774,483
2Bluffs62621$264,245
3Manchester62663$58,353
4Alsey62610$34,949

Total

$1,132,029
Sources: Illinois Department of Revenue; Blockshopper.com

 

Top income tax-paying communities in Scott County

This chart shows the ranking of communities by highest income taxes paid in Scott County.

RankingCommunityZipAverage State Income Tax IncreaseTotal Returns filed by Zip
1Winchester62694$5491,411
2Bluffs62621$505523
3Manchester62663$414141
4Alsey62610$38092
Sources: Illinois Department of Revenue; Blockshopper.com; Illinois Senate Democrats

*Assumes tax increase will meet Senate Democrats' projections.

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