Huntley Illinois
Economic Development

TAXES

STATE TAXES-Income

When all state and local taxes are considered, Illinois has among the lowest effective tax rates in the country according to a 2013 study by Anderson Economic Group:

 

 

 
























 









How can that be? Corporate income taxes are just one piece of the overall tax burden — and not always the biggest. Franchise taxes, property taxes, sales taxes, gross-receipts taxes and levies on machinery and equipment add more to a company's total tax bill.

 

Illinois is one of only four states that does not charge property tax on equipment and machinery in manufacturing plants. Indiana charges 2.75% on the value of commercial machinery and industrial equipment; Missouri levies 2.6%. Wisconsin taxes commercial equipment at 2.27% but not industrial machinery.




LOCAL TAXES

Taxes in Huntley are among the lowest in the Chicago area, and far less than those of Cook County communities, particularly in the area of property and sales taxes:



 


Illinois Sales Tax locator (Illinois Dept of Revenue):   Sales Taxes



Huntley First is a premiere online resource for available properties and economic development information for Huntley Illinois, Northern Illinois and the Chicago region. Site selectors and economic development professionals will find a wealth of information, statistics, demographics and available property here. For more information regarding available properties and economic development opportunities, please contact the Village of Huntley Illinois, or email Margo Griffin at mgriffin@huntley.il.us or Victor Narusis at vnarusis@huntley.il.us.

Where is Huntley?

Strategically located at I-90 and Rt. 47. Only 30 miles from O'Hare Airport and Rockford-Chicago Airport.

Village of Huntley Map

Combining location, low cost properties and new full interchange access in 2013, Huntley provides a superior location for business. Think Huntley First!