The rate of taxes imposed pursuant to the provisions in Chapter 19 of this Code of Ordinances are as set forth in the following Tax Rate Schedule:
TAX RATE SCHEDULE
Article | Code Section | Amount of Fee |
Chapter 19: Taxation | ||
Article I. Hotel-Motel Tax | 19.102 Levied | Five percent (5%) of the rental or leasing charge for any hotel or motel accommodation in the Village. |
Article II. Real Estate Transfer Tax | 19.201 Transfer Tax Imposed | Five Dollars ($5) for every One Thousand Dollars ($1,000) Value or fraction thereof as stated in the declaration and said tax shall be in addition to any other tax imposed by the State of Illinois or any other political subdivision thereof. |
Article IV. Simplified Municipal Tele- communications Tax | 19.401 Tax Imposed | Six percent (6%) of the gross charges for such telecommunications purchased at retail from a retailer |
(Ord. 852, passed 10-20-2020)