Village Tax Rates
|
Property Tax*
|
0.234%
|
General Sales Tax
|
7.75%
|
Liquor Tax
|
0.0%
|
Food & Beverage Tax
|
0.0%
|
Amusement Tax
|
0.0%
|
* Per $100 of Assessed Value
The Village of Woodridge has had a longstanding philosophy of keeping the taxes low for Woodridge residents and businesses. At a property tax rate of 0.234%, the Village property tax for each $100,000 of assessed value (assessed value equals 33 ⅓% of fair market value) is $234. In addition to keeping the property tax low, the Village sales tax rate at 7.75% compares favorably with neighboring communities, nearly all of whom have a rate as high as 8.5%. Unlike several home-rule communities, Woodridge does not assess a food & beverage tax, liquor tax or amusement tax in addition to the general sales tax. With lower property and sales taxes, the overall cost of a company’s products and services are reduced for their customers, giving Woodridge businesses a competitive advantage in the marketplace.
Questions?
Contact Michael Mays, Director of Community Development at (630) 719-4766 or mmays@vil.woodridge.il.us.