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TAX INFORMATION

PROPERTY TAXES -  The property tax that the Village of Lincolnwood receives is approximately 11% of the total property tax bill. The property tax is used for the following:

                Parks & Recreation Department                                       30%

                Police Pension Fund                                                       25%

                Residents' Waste Hauling Costs                                      25%

                All Other Residents' Services                                           20%

SALES TAX  -  The 10.00% sales tax paid on purchases at businesses in Lincolnwood is distributed as follows:

                General Sales Tax

                State of Illinois                                                                 4.00%

                Cook County                                                                   3.00%

                Regional Transit Authority                                                 1.00%

                Village of Lincolnwood                                                      1.00%

                       Total                                                                        9.00%

                Home Rule Sales Tax ( Excluding Automobiles )

                Village of Lincolnwood                                                       1.00%

                   Total                                                                      10.00%  

An additional 1% food & beverage tax is applied in all Lincolnwood food establishments making the total sales tax 11%.  Click here for the monthly Food & Beverage tax return.

 

UTILITY TAXES - The Village of Lincolnwood Natural Gas and Electricity Utility Tax rate is 5.15%. The Village of Lincolnwood each year refunds to the elderly and needy residents' ( if they qualify based on their income level ) 5% of the utility taxes they paid to the Village.  

The Simplified Municipal Telecommunications Tax rate is 6% for the Village of Lincolnwood and 7% for the State of Illinois.