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     • Illinois now levies the nation’s highest state and local tax rates on residents, costing each household $9,488 – or more than 15% of their annual income – in 2022, a new WalletHub report found. That tax load is nearly 39% more annually than the nation’s average.
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     Illinois tax rates rank No. 1: highest in U.S.

2. People also ask

   Are Illinois state taxes high or low?

   • Illinois state taxes are high in some areas and low in others. For example, Illinois has one of the highest sales tax rates in the U.S., but it's also one of the states that don't tax retirement income. Illinois also has high property taxes when compared with the rest of the country, but there is no personal property tax in the Prairie State.

   Illinois State Tax Guide - Kiplinger

   www.kiplinger.com/state-by-state-guide-taxes/illinois

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   What is the tax rate in Illinois?

   • Illinois also has a 6.25 percent state sales tax rate and an average combined state and local sales tax rate of 8.86 percent. Illinois has a 1.95 percent effective property tax rate on owner-occupied housing value. Illinois has an estate tax. Illinois also has a 66.5 cents per gallon gas tax rate and a $2.98 cigarette excise tax rate.

   Illinois Tax Rates & Rankings | Illinois Taxes - Tax Foundation

   taxfoundation.org/location/illinois/

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   Do Illinoisans pay the highest state and local taxes?

   • Illinoisans now pay the highest combined state and local tax rates in the nation. Those taxes take more than 15% of their household income each year. Illinois now levies the nation’s highest state and local tax rates on residents, costing each household $9,488 – or more than 15% of their annual income – in 2022, a new WalletHub report found.

   Illinois tax rates rank No. 1: highest in U.S

   www.illinoispolicy.org/illinois-tax-rates-rank-no-1-highest-in-u-s/

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   Does Illinois have a tax code?

   • Overall, Illinois’s tax system ranks 37th on our 2024 State Business Tax Climate Index. 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.

   Illinois Tax Rates & Rankings | Illinois Taxes - Tax Foundation

   taxfoundation.org/location/illinois/

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   How much tax does Illinois pay per gallon?

   • Illinois also has a 66.5 cents per gallon gas tax rate and a $2.98 cigarette excise tax rate. The State of Illinois collects $7,379 in state and local tax collections per capita. Illinois has $13,094 in state and local debt per capita and has a 51 percent funded ratio of public pension plans.

   Illinois Tax Rates & Rankings | Illinois Taxes - Tax Foundation

   taxfoundation.org/location/illinois/

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   Does Illinois have a property tax?

   • Illinois also has high property taxes when compared with the rest of the country, but there is no personal property tax in the Prairie State. [Data for this state tax guide was gathered from a number of sources including the Census Bureau, the state’s government website, and the Sales Tax Handbook.

   Illinois State Tax Guide - Kiplinger

   www.kiplinger.com/state-by-state-guide-taxes/illinois

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3. www.nerdwallet.com › article › taxesIllinois State Income Tax: Rates and Who Pays in 2023-2024

   www.nerdwallet.com › article › taxes

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   Apr 23, 2024 · The Illinois income tax rate is a flat 4.95%. Unlike the federal government and many other states, Illinois does not have tax brackets that impose higher rates on people who earn more. Illinois...

4. taxfoundation.org › statetaxindex › statesIllinois Tax Rankings | 2025 State Tax Competitiveness Index

   taxfoundation.org › statetaxindex › states

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   However, on each of the other components, Illinois ranks in the bottom third of states due to high rates and relatively nonneutral tax structures. Notably, Illinois levies high income tax rates on businesses, in large part due to its personal property replacement tax (PPRT), which imposes an additional rate of 2.5 percent on corporations and 1. ...

5. www.nerdwallet.com › article › taxesIncome Tax by State: 2024 Rates and Brackets - NerdWallet

   www.nerdwallet.com › article › taxes

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   Aug 15, 2024 · State income tax rates can raise your tax bill. Find your state's income tax rate, see how it compares to others and see a list of states with no income tax.

   State	Tax Rates	Lowest And Highest Tax Bracket (income)
   Alabama	2%-5%.	$500-$3,000.
   Alaska	Does not have state income tax.	Does not have state income tax.
   Arizona	2.5%.	Flat rate.
   Arkansas	2%-4.4%.	$4,400-$8,800.

   See full list on nerdwallet.com

6. www.illinoispolicy.org › illinois-tax-rates-rankIllinois tax rates rank No. 1: highest in U.S.

   www.illinoispolicy.org › illinois-tax-rates-rank

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   Mar 15, 2022 · Illinois now levies the nation’s highest state and local tax rates on residents, costing each household $9,488 – or more than 15% of their annual income – in 2022, a new WalletHub report found....

7. www.kiplinger.com › state-by-state-guide-taxesIllinois State Tax Guide - Kiplinger

   www.kiplinger.com › state-by-state-guide-taxes

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   Feb 26, 2024 · Illinois state taxes are high in some areas and low in others. For example, Illinois has one of the highest sales tax rates in the U.S., but it's also one of the states...

8. taxfoundation.org › data › allState and Local Tax Burdens by State | Tax Foundation

   taxfoundation.org › data › all

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   Apr 7, 2022 · The residents of three states stand above the rest, experiencing the highest state-local tax burdens in the country: New York (15.9 percent of state income), Connecticut (15.4 percent), and Hawaii (14.1 percent). By contrast, the median state-local tax burden is 10.2 percent, and the national average is 11.6 percent.

9. taxfoundation.org › location › illinoisIllinois Tax Rates & Rankings | Illinois Taxes - Tax Foundation

   taxfoundation.org › location › illinois

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   Illinois has a flat 4.95 percent individual income tax rate. Illinois has a 9.5 percent corporate income tax rate. Illinois also has a 6.25 percent state sales tax rate and an average combined state and local sales tax rate of 8.86 percent.