On September 1, 1715, King Louis XIV of France died after having ruled for 72 years, the longest reign of a king or queen of any major European country. Many Frenchmen were born and died during his time on the throne and never knew any other monarch.
Illinois Tax Rate. All residents and non-residents who receive income in the state must pay the state income tax. If you work in Illinois but make your residence in Wisconsin, you must pay income tax to Illinois. The state tax rate is 3.75 percent as of 2016. Illinois Tax Credits.
However, cities and counties offer a long list of property tax exemptions and the state income tax is a low flat rate of only 3 percent. Illinois Property Tax The state of Illinois receives no revenue from property taxes â all of the money goes to local municipalities. According to the Illinois Department of Revenue, 62% of local property tax revenue goes to school districts for education. In Illinois, there is a one-year lag in the property tax cycle. The property is assessed on January 1st, and property tax is paid on that assessment in the following year (taxes on a 2010 assessment would be paid in 2011).