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Tax Rates

Tax Rates 

Table 1: 2016 property tax breakdown.
2016 Property Tax Per $100 of Assessed Valuation
Village Government 0.2986
Fire Pension 0.1337
Police Pension 0.1273
Village Library 0.2202

 

Table 2: Sales taxes rate breakdown.
Sales Tax Rates Total Tax Rate %  to Village
General Merchandise 8.00% (as of June 1, 2016) 2%
Qualifying Food and Drug 1.75% 1%
Vehicles 7.00% (as of June 1, 2016) 1%

 

Table 3: Additional tax breakdown.
Other Taxes Rate or %
Gas Tax $0.015/gallon
Food and Beverage 1.0% (eff. 1/1/18)
Real Estate Transfer None
Natural Gas $.015/therm
Electricity 3.5%
Telecommunications 6.0%
Hotel 4.5%