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Friday, November 22, 2024

Income tax hike will cost Mounds residents $160,998.65 more this year, ranked 1st in Pulaski County

Property tax 7

Mounds taxpayers will pay an additional $160,998.65 in 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 city.

Mounds's estimated increase in income tax payments ranks first out of 8 Pulaski County cities, with an average increase of $335.41 per person. All told, the entire Pulaski County will collectively pay an extra $877,223.73 in income taxes this year, according to the analysis.

Retroactive to July 1, the higher rate now 4.95 percent, up from 3.75 percent will be withheld from employee paychecks over the remaining six months of 2017.

Before the hike, someone earning $50,000 paid $72 in state income tax per paycheck. 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.

The following table shows how cities within Pulaski County compare:

City
Estimated increase
Ranking
Mounds
$160,998.65
1
Karnak
$146,395.94
2
Grand Chain
$141,094.41
3
Ullin
$125,368.19
4
Villa Ridge
$101,340.13
5
Olmsted
$94,138.10
6
Pulaski
$59,598.53
7
Mound City
$48,289.78
8

Here's how all cities within the SW Illinois News coverage area will fare under the tax hike:

County
City
Estimated increase
Williamson
Marion
$6,167,578.95
Jefferson
Mount Vernon
$5,524,483.96
Jackson
Carbondale
$5,333,102.19
Jackson
Murphysboro
$2,911,598.51
Williamson
Carterville
$2,511,379.82
Williamson
Herrin
$2,421,792.85
Franklin
Benton
$2,132,046.01
Franklin
West Frankfort
$2,087,947.68
Randolph
Red Bud
$2,081,105.33
Perry
Du Quoin
$1,730,162.32
Perry
Pinckneyville
$1,431,406.11
Union
Anna
$1,352,499.30
Randolph
Chester
$1,317,254.05
Randolph
Sparta
$1,133,449.25
Williamson
Johnston City
$929,491.04
Randolph
Steeleville
$671,945.46
Jackson
Makanda
$641,426.57
Union
Jonesboro
$631,792.30
Union
Cobden
$557,078.25
Franklin
Thompsonville
$541,174.43
Franklin
Sesser
$515,693.17
Jackson
De Soto
$514,333.65
Randolph
Coulterville
$511,653.81
Jefferson
Woodlawn
$511,580.92
Williamson
Creal Springs
$509,455.20
Franklin
Mulkeytown
$446,198.57
Jackson
Ava
$445,714.17
Franklin
Christopher
$419,316.47
Perry
Tamaroa
$402,564.90
Randolph
Evansville
$399,180.43
Jefferson
Bluford
$378,189.52
Union
Dongola
$330,979.57
Jackson
Campbell Hill
$329,992.62
Randolph
Prairie Du Rocher
$297,419.31
Williamson
Pittsburg
$291,707.84
Jackson
Elkville
$266,870.96
Jefferson
Dix
$254,590.52
Williamson
Energy
$247,108.27
Randolph
Percy
$245,239.62
Franklin
Royalton
$238,229.41
Jefferson
Bonnie
$229,347.64
Randolph
Ellis Grove
$222,848.93
Alexander
Cairo
$220,458.51
Jefferson
Belle Rive
$215,891.86
Jefferson
Opdyke
$212,692.89
Alexander
Tamms
$207,637.90
Jefferson
Waltonville
$203,451.98
Franklin
Zeigler
$197,503.70
Jackson
Vergennes
$170,169.84
Jefferson
Texico
$162,646.02
Pulaski
Mounds
$160,998.65
Alexander
Thebes
$150,345.58
Franklin
Ewing
$147,907.02
Jefferson
Scheller
$146,685.63
Pulaski
Karnak
$146,395.94
Pulaski
Grand Chain
$141,094.41
Randolph
Baldwin
$136,647.21
Pulaski
Ullin
$125,368.19
Jefferson
Ina
$123,067.24
Union
Alto Pass
$120,578.16
Franklin
Valier
$115,253.73
Alexander
McClure
$113,167.74
Perry
Cutler
$109,513.58
Williamson
Cambria
$107,000.82
Pulaski
Villa Ridge
$101,340.13
Randolph
Tilden
$100,749.43
Williamson
Hurst
$97,066.06
Pulaski
Olmsted
$94,138.10
Alexander
Olive Branch
$89,237.82
Jackson
Grand Tower
$88,643.18
Perry
Willisville
$87,796.20
Randolph
Rockwood
$87,318.65
Union
Wolf Lake
$87,213.40
Franklin
Whittington
$82,739.10
Jackson
Gorham
$78,525.03
Randolph
Walsh
$71,688.21
Pulaski
Pulaski
$59,598.53
Franklin
Buckner
$59,527.22
Jackson
Pomona
$55,058.19
Jackson
Dowell
$51,045.40
Pulaski
Mound City
$48,289.78
Jackson
Jacob
$46,303.25
Franklin
Logan
$37,796.69
Franklin
Orient
$35,937.25
Williamson
Colp
$35,677.29
Williamson
Freeman Spur
$33,878.36
Franklin
Coello
$31,317.18
Randolph
Modoc
$29,961.87

The following cities will experience the highest estimated increase:

County
City
Estimated increase
Sangamon
Springfield
$42,257,034.74
Winnebago
Rockford
$38,854,900.95
Peoria
Peoria
$35,750,546.94
McLean
Bloomington
$26,015,757.78
Saint Clair
Belleville
$24,013,638.46
Macon
Decatur
$18,513,548.57
Adams
Quincy
$13,606,291.30
Madison
Edwardsville
$12,695,537.58
McLean
Normal
$11,862,626.89
Rock Island
Moline
$11,263,559.71

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