Taxes in Illinois

Each state’s tax code is a multifaceted system with many moving parts, and Illinois  is no exception. The first step towards understanding Illinois’s tax code is knowing the basics.

How does Illinois rank?  Below, we have highlighted a number of tax rates, ranks, and measures detailing Illinois’s income tax, business tax, sales tax, and property tax systems. Click the tabs below to explore!

Top Individual Income Tax Rate

4.95%

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State and Local Individual Income Tax Collections per Capita

$1076

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State and Local Tax Burden

11%

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Top Corporate Income Tax Rate

9.5%

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State Business Tax Climate Index Ranking

36

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State Sales Tax Rate

6.25%

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Average Local Sales Tax Rate

2.49%

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Combined State and Average Local Sales Tax Rate

8.74%

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State and Local General Sales Tax Collections per Capita

$888

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State Gasoline Tax Rate (cents per gallon)

31.98¢

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State Cigarette Tax Rate (dollars per 20-pack)

$1.98

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Property Taxes Paid as a Percentage of Owner-Occupied Housing Value

1.95%

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State and Local Property Tax Collections Per Capita

$2120

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Featured Articles

Top Rates in Each State Under Joe Biden’s Tax Plan

October 20, 2020

State and Local Tax Ballot Measures to Watch on Election Day 2020

October 5, 2020

State Tax Changes Effective July 1, 2020

July 9, 2020

A Visual Guide to Unemployment Benefit Claims

April 2, 2020

Facts and Figures 2020: How Does Your State Compare?

February 13, 2020

Tax Trends at the Dawn of 2020

January 6, 2020


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2021 State Business Tax Climate Index

Top Rates in Each State Under Joe Biden’s Tax Plan

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State and Local Tax Ballot Measures to Watch on Election Day 2020

New Census Data Shows States Beat Revenue Expectations in FY 2020

State Tax Changes Effective July 1, 2020

April 2nd Evening State Tax Update

A Visual Guide to Unemployment Benefit Claims

March 27th Morning State Tax Update

Facts and Figures 2020: How Does Your State Compare?

Tax Trends at the Dawn of 2020

Excise Taxes Not the Answer for Streaming Services

No Good Options as Chicago Seeks Revenue

State Tax Changes as of July 1, 2019

Facts and Figures 2019: How Does Your State Compare?

A Chicago Commuter Tax Would Drive Business Out of the City

2018 Outstanding Achievement in State Tax Reform

2019 State Business Tax Climate Index

Proposed Illinois Tax Hikes are a Regional Outlier