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Illinois is the 13th-wealthiest of the 50 United States, with a per capita income of $37,728 according to the 2020 census. Illinois counties ranked by per capita income [ edit ]
Illinois residents will vote on a 3% tax for millionaires in November. The governor says the tax could generate $4.5 billion annually and alleviate high property taxes. Illinois has the second ...
The property tax is a local tax, imposed by counties, townships, municipalities, school districts, and special taxation districts. The property tax in Illinois is imposed only on real property. [5] [6] [7] Illinois counties, townships, cities, and villages may also promulgate local ordinances. [8]
(The Center Square) – An Illinois state legislator introduced a bill that would freeze local government property tax levies at the 2025 amount for levy years 2026-2030. State Rep. Brad Halbrook ...
A flat income tax, which taxes all income levels at the same rate, is required by the current Illinois state constitution. [4] Illinois is one of 11 U.S. states with a flat income tax; seven states have no income tax; 32 other states use graduated income taxes, which tax higher incomes at a higher rate. [5]
Males had a median income of $48,263 versus $34,256 for females. The per capita income for the township was $33,164. About 6.2% of families and 8.1% of the population were below the poverty line , including 11.0% of those under age 18 and 6.1% of those age 65 or over.
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The median income for a household in the village was $118,019, and the median income for a family was $148,277. Males had a median income of $85,854 versus $54,917 for females. The per capita income for the village was $66,098.