SE Illinois News

Wabash County residents will pay an additional $2,937,690 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 Wabash County communities will pay the most: Mount Carmel ($2,633,420/$613), Allendale ($227,271/$532), Bellmont ($46,924/$361) and Keensburg ($30,075/$406). 

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. 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.

---

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.

Ranking	Community	Zip	Estimated State Income Tax Increase
1	Mount Carmel	62863	$2,633,420
2	Allendale	62410	$227,271
3	Bellmont	62811	$46,924
4	Keensburg	62852	$30,075
	Total		2,937,690.46

Sources: Illinois Department of Revenue; Blockshopper.com

 

Top income tax-paying communities in Wabash County

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

Ranking	Community	Zip	Average State Income Tax Increase	Total Returns filed by Zip
1	Mount Carmel	62863	$613	4,297
2	Allendale	62410	$532	427
3	Keensburg	62852	$406	74
4	Bellmont	62811	$361	130

Sources: Illinois Department of Revenue; Blockshopper.com; Illinois Senate Democrats

*Assumes tax increase will meet Senate Democrats' projections.