Oregon, Montana, New Hampshire, Alaska, and Delaware have no general sales tax. Illinois is one of the highest for state sales tax at 6.25% plus extra local sales tax on top of that, which can get as high as 10.5%! Could you imagine that... buying something and paying no sales tax on it? That would be great. Illinoisis one of the highest for state sales tax at 6.25% - plus extra local sales tax on top of that, which can get as high as 10.5%!
Some states have NO state income tax. That's right, none. Nine states to be exact: Washington, Nevada, Texas, Wyoming, South Dakota, Alaska, Tennessee, Florida, and New Hampshire. What about Illinois?... 5%.
All states receive property taxes but some are better than others... by a long shot! The state with the best percentage of home value paid in property tax is Louisiana @ .18%. Other states with a fair property tax include Alabama ( .33%), Delaware ( .43 %), West Virginia ( .49%), South Carolina ( .50%), and Arkansas ( .52%). Illinois is one of the highest @ 1.73%!
Let me explain in terms of money - If you had a house worth $200,000, (or should I say, the government says it's worth $200,000) you would have to pay $3,460 every year. In Louisiana you would have to pay (are you ready for this?), $360! In Alabama you would pay only $660, and in Delaware you would pay $860.
Wyoming is one of the best states overall, with no state income tax, low sales tax ( 4%, and no tax on food), and .58% of property value due the state. Even our neighbor to the north, Wisconsin, has a low sales tax... 5%, with no tax on food.
I have one question. Forget that, I have many questions! Okay, I have one main question. With all the money (our money!) pouring into the state treasures, how is Illinois broke!! This I know... we shouldn't be!