Elgin (IL) Sales Tax
The Elgin sales tax rate is 8.50%
| Taxing jurisdiction | Rate |
|---|---|
| Illinois state sales tax | 6.25% |
| Cook County sales tax | 0% |
| City tax | 1.50% |
| Special tax | 0.75% |
| Combined Sales Tax | 8.50% |
Elgin sales Tax Calculator Illinois
To make it easier to calculate the Elgin (IL) Sales tax, we have created a calculator. All that you need to input is the zip code and the number of goods bought. The calculator will tell you how much you should approximately pay in sales tax. The tools are free to use and very simple.
How does the Elgin sales tax compare to the rest of Illinois?
Each vendor in the USA needs to charge sales tax to the items and services that they sell. The Department of Revenue collects the sales tax proceeds from the vendors. The Elgin, IL sales tax rate is 8.50%. This includes 6.25% Illinois state sales tax, 0% Cook County sales tax and 0.75% special tax.
A merchant adds the sales tax to all the qualifying sales completed in Elgin, IL. The Elgin sales tax should be clearly stated on the invoice. There are some specific goods and services are tax-exempt in Elgin (Illinois). Alcohol, tobacco and gas are subject to excise tax.
The 8.50% sales tax rate of the Elgin, IL applies to the following list of zip codes: 60120, 60121, 60123.
The vendor needs to check their district zip code to make sure that they are charging the right sales tax for the business transactions.
There are 83152 people in and around Elgin. It is important to be aware that zip-code boundaries do not always coincide with general boundaries. Therefore, when choosing sales tax rates, you should not focus only on zip-codes. In the event of a dispute, it is recommended that you contact the Internal Revenue Service to determine sales tax rates for you.
Alternative sales tax rate for Elgin
| City | Combined Tax | State Rate | County Tax | City Tax | Special Tax |
|---|---|---|---|---|---|
| Streamwood | 10.00% | 6.25% | 1.75% | 1.00% | 1.00% |
| Bellwood | 10.50% | 6.25% | 1.75% | 1.50% | 1.00% |
| Franklin Park | 10.00% | 6.25% | 1.75% | 1.00% | 1.00% |
| Forest Park | 10.00% | 6.25% | 1.75% | 1.00% | 1.00% |
| Elmhurst | 8.00% | 6.25% | 0% | 1.00% | 0.75% |
| Carol Stream | 8.00% | 6.25% | 0% | 1.00% | 0.75% |
| Bartlett | 10.00% | 6.25% | 1.75% | 1.00% | 1.00% |
| Glen Ellyn | 8.25% | 6.25% | 0% | 1.25% | 0.75% |
| Addison | 8.00% | 6.25% | 0% | 1.00% | 0.75% |
| Hanover Park | 10.00% | 6.25% | 1.75% | 1.00% | 1.00% |
| Glendale Heights | 8.25% | 6.25% | 0% | 1.25% | 0.75% |
| Bloomingdale | 7.50% | 6.25% | 0% | 0.50% | 0.75% |
| Bensenville | 8.00% | 6.25% | 0% | 1.00% | 0.75% |
| Algonquin | 7.75% | 6.25% | 0% | 0.75% | 0.75% |
| Huntley | 8.00% | 6.25% | 0% | 1.00% | 0.75% |
| Carpentersville | 9.00% | 6.25% | 0% | 2.00% | 0.75% |
| Geneva | 8.00% | 6.25% | 0% | 1.00% | 0.75% |
| Dundee | 8.50% | 6.25% | 0% | 1.50% | 0.75% |
| Hampshire | 7.00% | 6.25% | 0% | 0% | 0.75% |
| Dekalb | 8.00% | 6.25% | 0% | 1.75% | 0% |
Popular questions about sales tax in Elgin
Sometimes, people have a hard time figuring out the math behind sales taxes. This is especially true when people have the total transaction cost and the total sales tax. To figure out the sales tax percentage, we must do a bit of math, which is very simple and can be done via a phone calculator. Let’s assume that your total transaction with taxes is $106.25 and you know that the shelf price of the products purchased is $100.
The first thing that you do is subtract the cost of the goods from the total. In that case $106.25-$100=$6.25. Now you know that the sales taxes are $6.25. Then you divide the total sales tax by the shelf price of the cost of the goods bought, hence $100. So, ding the math, we have $6.25/$100 = 0.0625. We take the ratio number, and we multiply by 100%. Hence, we get : 0.00625*100%= 6.25%, which is the rate.
Sales taxes rates change by zip code as each county can impose its own sales taxes. When we factor both state taxes and local taxes, we can see that in all USA, there are some areas that you end up paying more in sales taxes. We will list the top 5 states in the USA that have the highest sales taxes.
- New York has a state tax of 4%. A during up the local taxes, the final tax rate can add up to 8.5%. The metro city area has a surcharge of 0.375% to fund public transport. Groceries and drugs are tax-exempt in NY.
- Then we have Kansas. It has a state sales tax of 6.25%. Some local areas can charge an additional 4%. The average sales tax rate in Kansas is 8.7%, even though some areas can reach up to 10%. The sales tax applies to everything; hence it is very expensive there.
- California has a state tax of 7.25% and local areas can charge an additional 2.5%. The average combined sales tax is 8.82%.
- Illinois has a state tax of 6.25% and some local areas charge up to 4.75%. The average sales tax rate is 8.83%.
- Oklahoma has a state tax of 4.75% and local areas can charge up to 7% extra on sales taxes. The average sales tax is 8.95%.
There are some special goods and services that do not qualify for the sales tax rate but instead are charged another rate. The most common category of these items falls under the excise tax. This is a special tax rate that is charged to gas, fuel, tobacco, and other goods that are heavily regulated by the government. Some services qualify for excise tax, such as using the highway. Air travel is in this category too.
You need to know all the applicable sales taxes that you should collect. You collect these taxes on each transaction. When it comes time to file your business quarterly returns, you declare your sales taxes collected and you pay them to the Department OF Revenue. You pay these taxes on January 15, April 15, July 15, and October 15. The type of sales taxes collected, and the rate depends on the business incorporation location and the applicable laws of that location.
45 states (do not levy these taxes in the states Alaska, Oregon, Delaware, Montana and New Hampshire) and the District of Columbia impose general sales taxes that apply to the sale or lease of most goods and some services, and states also may levy selective sales taxes on the sale or lease of particular goods or services. States may grant local governments the authority to impose additional general or selective sales taxes.