Highland, IL
  • ABOUT US
    • I.D. Commission
    • Partners
    • Contact Us
  • TARGET INDUSTRIES
    • Manufacturing
    • Distribution
    • Back Office / Call Center
    • Research & Development / Technology
  • WORKFORCE
    • Demographics
    • Wages
    • Labor Relations
    • Unemployment
    • Availability
    • Workforce Training
  • DOING BUSINESS HERE
    • Major Employers
    • Available Properties
    • Business Resources
    • Utilities
    • Taxes
    • Incentives
  • LOCATIONAL ADVANATAGES
    • Cost of Living
    • Housing
    • Education
    • Healthcare
    • Proximity to Markets
    • Public Safety
    • Climate
    • Parks & Recreation
    • Transportation

Highland Highlight

”The City of Highland has always taken a proactive approach to community development. It is clear that the City of Highland is making a concerted effort to help existing business, as well as to encourage new business and industry to locate in Highland.“ - Rob Bowman, President and CEO - Terra Properties, Inc.

Available Properties

available properties

Map Room

Map Room
Home > Taxes

Taxes

Corporate Income Taxes

Corporate income apportioned to Illinois is taxed at 7.75 percent, which includes a 5.25 percent state income tax and a 2.5 percent personal property replacement tax (S-corporations pay 1.5 percent).

Property Tax

Local governments in Illinois are authorized to collect property taxes in real property (land and buildings).  Real property is assessed at 33.4 percent of market value, industrial assessment is 36 percent, and commercial assessment is 38 percent.

  • Illinois does not collect a state tax on personal property.  All property other than real estate is exempt from the property tax in Illinois.  Thus, all classes of personal property, including machinery, equipment, inventories and intangibles, are exempt.

      The table below depicts the property tax climate of Highland

Property Taxation Climate: Highland, IL

Year

Type

Description

2015

City

1.8614%

2015

County

0.7073%

2015

School

4.9043%

2015

Other

1.0944%

2016

Sales Tax

7.85%

Personal Income Taxes

Income earned in Illinois or received by Illinois residents is taxed at 3.75 percent.  Partnerships and S-corporations pay a 1.5 percent personal property replacement tax and S-corporations’ owners pay the 3.75 percent personal income tax on their share of the corporation’s income.

  • There are no local personal income taxes in Illinois.
    Retirement income is not taxed in Illinois

Sales Tax

Retail purchases sales taxes vary dependent upon what you are buying.

 

Finance Department

Kelly Korte

618.654.9891

kkorte@highlandil.gov

 

Mark Latham, City Manager | 1115 Broadway | P.O. Box 218 | Highland, IL 62249
email: DiscoverHighlandIL@HighlandIL.gov | Phone: 618-654-9891
Contact Us | Partners | Site Map | Copyright 2023 , Discover Highland IL
Ady VoltedgeWebsite developed by:
Voltedge, Inc. d.b.a. Ady Voltedge