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Sales Tax Rates


 

Taxing DistrictTax Rate
State of Illinois5.25%
Village Share1.00%
Village Home Rule1.75%
Regional Transportaiton Authority (RTA)0.75%
Total8.75%

Illinois Tax Rate Finder allows you to search for tax rates by municpality or county

*Disclaimer:  The Village of Shorewood believes these sales tax rates to be current.  However, retailers should confirm sate sales tax rates with the Illinois Department of Revenue at (217)782-3336

Property Tax Levy

Located within Troy Township of Will County, IL the Village of Shorewood annually prepares a Tax Levy Ordinance which is presented by the Village Board at a public hearing held  prior to passage. Once passed the Tax Levy Ordinance, which sets the tax levy dollar amount, must be filed with the Will County Clerk's office prior to the last Tuesday in December of each year.

The Village's tax base is a mix of residential (78.3%), commercial (17.7%), industrial (3.9%), and farm property (0.1%) for the 2014 tax levy year. Over the last ten years, the Village's Equalized Assessed Valuation (EAV) has grown from $310,701,658 in 2004 to $458,832,712 in 2014.

While the Village's EAV has continued to rise, its direct tax rate has decreased from .3392 per $100 of assessed value in 2005 to .3363 per $100 of assessed value in 2014.

For additional information including historical rates, please view at the statistical section of the Comprehensive Annual Financial Report (See Financial Reports)

The Village of Shorewood is only one of several taxing districts that impact your overall property taxes. For the 2014 Tax Levy, the following distribution per dollar is shown below. 

Taxing DistrictTax Rate

% of Tax Bill

Village of Shorewood Direct Rate0.33633.42%
Will County (incl Forest Preserve District 0.84108.54%
Troy Schools (30-C)4.306043.75%
Joliet TWP HS (204)2.874929.21%
Joliet Jr College (525)0.30853.13%
Shorewood-Troy Public Library District0.17631.79%
Troy Fire Protection District0.81718.30%
Troy Township & All Other0.18271.86%
Total9.8428100.00%
 

Property Tax rates are per $100 of assessed valuation.