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Illinois Named Least Tax-Friendly State

  • Sangamon County News
  • Jul 18, 2024
  • 1 min read

According to a MoneyGeek's analysis, Illinois ranks as the least tax-friendly state among all 50. This designation is based on data revealing that a typical Illinois family allocates around 13% of its income toward state and local taxes, excluding federal taxes. These taxes are under the jurisdiction of local governments elected by taxpayers.


Notably, Illinois's average property tax bill of $9,000 per residence significantly contributed to its low ranking in tax friendliness, earning the state an "F" grade in this regard. Joining Illinois at the bottom of the list are Connecticut and New Jersey, also receiving "F" grades.


“Hard-working families in Illinois deserve property tax relief but the Supermajority party is driving up costs with their approach to policymaking,” said Rep. Coffey. “Rising property taxes drive families to other states to save money and I think we need to take a hard look into how we can lower property taxes and still maintain general revenue for state projects.”


Conversely, several states neighboring Illinois received higher grades due to their lower government spending and comprehensive tax reform initiatives. Indiana and Kentucky were graded as "C," while Missouri received a "B." States with no personal income tax, such as rapidly developing Florida and technology-driven Washington, achieved an "A" grade, highlighting their tax-friendly environments.

 
 

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P.O. Box 13441.Springfield, IL 62791

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