Fayette County (IL) Sales Tax
Each business in Illinois needs to collect sales taxes to then pay up to the Department of Revenue. The sales taxes are added to qualifying items and services sold. The sales tax rate is made up of the sum of the State sales tax, county sales tax, city sales tax, and in some cases, there are extra special district sales rates. The maximum sales tax applicable in Fayette County, Illinois reaches 7.75%. The sales tax in Illinois is 6.25%. Fayette County charges an extra 1.00% sales tax rate. Some cities charge up to an additional 0.5% on the sales tax rate, hence we get the maximal result of 7.75% sales tax rate.
Fayette County Sales Tax Calculator, Illinois
When you are selling or buying, you need to know the total sales tax applicable to your transaction. Since each city and district has its own applicable sales tax rate, it is easy to get lost. For this reason, we have created an online calculator that figures all of this out for you. All that you must do is input your zip code and the price of the transaction. The calculator will apply the sales tax rate of that zip code and will give you a result. This way you do not need to look around and search on multiple sites.
Tax Rates by City in Fayette County, Illinois
In the USA, each district, each city has its own applicable sales tax rate. The total sales tax rates vary from a minimum of 7.25% to a maximum of 7.75%. To learn more about what is the general applicable sales tax rate for each city in Illinois, see the table below. All you must do is to look for your designated city and read the applicable sales tax rate.
| City | Sales Tax Rate | Zip-code | Population |
|---|
Alternative sales tax rate for Fayette County.
| County | Max Combined Tax State Tax | County Tax | City Tax | Special Tax |
|---|---|---|---|---|
| Sangamon County | 9.75% | 1.00% | 2.50% | 0% |
| Will County | 9.00% | 0% | 2.00% | 0.75% |
| Mclean County | 8.75% | 0% | 2.50% | 0% |
| Mchenry County | 8.00% | 0% | 1.00% | 0.75% |
| Tazewell County | 8.50% | 0.50% | 1.75% | 0% |
| Williamson County | 9.50% | 1.00% | 2.25% | 0% |
| Grundy County | 6.25% | 0% | 0% | 0% |
| Marion County | 8.50% | 1.25% | 1.00% | 0% |
| Monroe County | 7.50% | 1.25% | 0% | 0% |
| Mcdonough County | 9.00% | 1.75% | 1.00% | 0% |
| Franklin County | 9.50% | 2.00% | 1.25% | 0% |
| Crawford County | 6.25% | 0% | 0% | 0% |
| Perry County | 9.25% | 1.50% | 1.50% | 0% |
| Piatt County | 8.25% | 1.00% | 1.00% | 0% |
| Jo Daviess County | 7.75% | 1.00% | 0.50% | 0% |
| Iroquois County | 7.25% | 0.25% | 0.75% | 0% |
| Menard County | 8.75% | 2.00% | 0% | 0% |
| Hamilton County | 8.25% | 2.00% | 0% | 0% |
| Brown County | 7.50% | 1.25% | 0% | 0% |
| Cumberland County | 7.75% | 1.00% | 0.50% | 0% |
| Stark County | 7.50% | 1.25% | 0% | 0% |
Popular questions about sales tax in Fayette County
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.
When you make a purchase, you must pay sales tax. To find how much u, pay, all that u have to do is to add up the total percentage of applicable sales taxes to your location and multiply that by the total cost of goods. Let’s say that your total applicable sales tax rate is 8%. Let’s say that you make a purchase worth $100. You multiply $100 with 8% to get a total sales cost of $8. You then add the $8 to the original cost of goods, bringing your final transaction cost to $108.
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.
A sales tax certificate is a document that allows a business to make sales-tax-free purchases of goods and services that it intends to reuse for business and to later sell and collect sales tax on. Some states allow buyers and businesses that engage in frequent transactions to create a blanket certificate. This is a simplified version of the sale certificate, and it is valid for a specified amount of time.
Sellers that do not have a large volume of transactions do not even need a sale certificate. Such is the case of garage sales. Some states offer direct payment certificates, which allow for the purchasers to not pay any sales tax to their sellers, but they pay everything to the government directly. There are numerous intricate scenarios and for this, you need a good CPA or a sales law specialist to better guide you.
The first detail to know about sales taxes is that some states imposer the sale tax on the vendor, some to the buyer, and some states place sales taxes on both entities. It is important to know who pays the tax, as this affects whether you can claim the taxes as a refund or not.