Tax Information

Revenues

The Village uses several sources of revenue to fund government operations. The largest source of revenue for the Village is Sales Tax, which accounts for 23% of the total revenue received. The revenue the Village receives is allocated in the following manner:

Revenues Pie Chart

Expenses

The Village allocates expenses in the following manner:

Expenditures Pie Chart

An additional 1% tax is collected on the purchase of prepared food and beverages, resulting in a total tax of 11% on these purchases. As of June 1, 2021 the prepared food and beverage tax was increased to 2%.

Utility Taxes

The Village's natural gas and electricity utility tax rates are 5.15%. Find more information regarding utility tax rebates for elderly and low income residents.

The simplified municipal telecommunications tax rate is 13%, 6% of which is allocated to the Village and 7% is allocated to the State of Illinois.