Sales Tax in Oakford Village, Illinois in 2024
- Oakford Village Sales Tax Rate 2024
- Sales Tax Rates in Oakford Village by Zip Codes and Districts
- How Does the Oakford Village Sales Tax Compare to the Rest of Illinois?
- What Creates Sales Tax Nexus in Oakford Village?
- What Products Are Exempt from Oakford Village Sales Tax?
- Who Needs a Sales Permit in Oakford Village?
- How to Collect Sales Tax in Oakford Village
- How to File and Pay Sales Tax in Oakford Village
The combined sales tax rate for Oakford Village, Illinois is 8.25%. Your total sales tax rate combines the Illinois state tax (6.25%) and the Menard County sales tax (2.00%). Oakford Village doesn’t levy a city sales tax, nor a special tax.
We'll walk you through how the sales tax rate is determined for Oakford Village and address some common questions you may have. We'll also cover how to collect, audit, and remit sales tax in Oakford Village.
Plus, we’ll share the best solution that will ensure you are always compliant across the entire sales tax lifecycle.
Disclaimer: Our sales tax data is updated on a quarterly basis.
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Oakford Village Sales Tax Rate 2024
Oakford Village is located in Menard County in Illinois, United States, and has a sales tax rate of 8.25%. This includes local and state sales tax rates.
Here is the breakdown of the Oakford Village's sales tax:
Tax Jurisdiction | Sales Tax Rate |
State Tax | 6.25% |
County Tax | 2.00% |
Combined Rate | 8.25% |
Sales Tax Rates in Oakford Village by Zip Codes and Districts
Let’s see the sales tax rates in Oakford Village broken down by zip codes and districts:District | Zip Codes | Combined Sales Tax Rate |
MENARD COUNTY|OAKFORD VILLAGE (MENARD COUNTY) | 62673 | 8.25% |
How Does the Oakford Village Sales Tax Compare to the Rest of Illinois?
Oakford Village’s 8.25% sales tax rate is 3.25% lower than the highest sales tax rate in Illinois, which stands at 11.50% in cities like Norridge Village.
It is 2.00% higher than the lowest sales tax rate in Illinois, which stands at 6.25% in cities like Magnolia Village.
To give you a better idea, here’s a comparison of Oakford Village sales tax rates with a few other cities in Illinois:
City | Sales Tax Rates |
Magnolia Village | 6.25% |
Coatsburg Village | 6.50% |
Viola Village | 7.25% |
Chillicothe | 7.75% |
Oakford Village | 8.25% |
East Dundee Village | 9.00%-11.00% |
Alsip Village | 10.00% |
Norridge Village | 10.50%-11.50% |
You can also compare the sales tax rate of Oakford Village against the Illinois cities closest in population size:
- Ste. Marie Village's sales tax rate is 7.25%
- Vergennes Village's sales tax rate is 7.25%
What Creates Sales Tax Nexus in Oakford Village?
Oakford Village follows the Illinois state sales tax law, as it’s located in Illinois. There are no separate nexus rules specifically for Oakford Village other than the Illinois state tax law.
Read More: Check out our detailed guide on Sales Tax in Illinois. Illinois state sales tax nexus rules include:
- Economic Nexus: Businesses making taxable sales of more than $100,000, or 200 separate transactions to buyers in the state in the past 12 months.
- Physical Location: Businesses having a store, office, warehouse, or other place of business.
- Employee Location: Businesses with employees, contractors, salespeople, installers, other personnel, or a third-party affiliate in the state.
- Trade Shows: Businesses that sell tangible personal property and services in trade shows, festivals, and craft shows. If you travel to more than one event yearly, you should apply as a ‘changing location’ filer.
What Products Are Exempt from Oakford Village Sales Tax?
These tax exemptions are granted by the Illinois sales tax law and apply to Oakford Village as well. (There are no separate exemptions for Oakford Village taxpayers.)
- Intangible personal property, such as shares and bonds.
- Tangible personal property for resale purposes. The purchaser should have an active registration or resale number from the Department.
- Newspapers and magazines.
- Sales made to any corporation, society, association, foundation, or institution for charitable, religious, or educational purposes.
- Low sulfur dioxide emission coal-fueled devices.
- Manufacturing machinery and equipment for manufacturing of tangible personal property or in the agriculture sector.
- Building maintenance materials used to build real estate projects that already have a Certificate of Eligibility for Sales Tax Exemption.
- Breast pumps, breast pump kits, breast pump collection, and storage supplies.
- Photo processing machinery and equipment, including its repair and replacement parts.
Who Needs a Sales Permit in Oakford Village?
A sales tax permit or seller's permit is typically issued by states in the United States. You can register for an Illinois seller's permit online at MyTax Illinois. You need a sales permit if you plan to sell any tangible personal property and other taxable services in Oakford Village or anywhere in Illinois. As tax rates are different in every county, you’ll have to post a permit in every business location you plan to operate.
How to Collect Sales Tax in Oakford Village
Since Illinois uses origin-based sales tax sourcing for intrastate sales and destination-based sales tax sourcing for interstate sales, the same applies to Oakford Village as well. According to Illinois sales tax law, here’s how you can collect sales tax on:
- Intrastate Illinois sales: A sale is considered intrastate if it ships from an origin in Illinois to a buyer's address in Illinois. Illinois is an ‘origin-based’ sales tax sourcing state. This means that if both the seller’s and buyer’s address is in Illinois, you would charge the sales tax rate of the sale’s origination point. For instance, your business is located in Ste. Marie Village, Illinois, and you make a sale to a buyer in Oakford Village, Illinois. Then, you’d charge the buyer the sales tax rate at your Ste. Marie Village location.
- Interstate Illinois sales: A sale is considered interstate if the item ships from outside Illinois and the seller isn’t otherwise “engaged in a business” in the state. In such cases, you’d generally charge the sales tax rate at your buyer’s location. For instance, if your business is located in Leander, Idaho, and you sell to a buyer in Oakford Village, Illinois, you should charge the buyer the Oakford Village sales tax rate.
Learn more about origin-based and destination-based sales tax sourcing here.
How to File and Pay Sales Tax in Oakford Village
Taxpayers have multiple options to file and pay Oakford Village sales tax returns:
- File and pay online - You can file and pay Illinois sales and use tax online at MyTaxIllinois.
- File and pay by mail - Fill out Illinois Sales and Use Tax and E911 Surcharge Return (Form ST-1)
- Or, you can say goodbye to the tedious paperwork and hello to stress-free sales tax management with Zamp. We help you automate sales tax filings, check your transactions, and manage the nitty-gritty of ongoing compliance without a third-party - wherever you are in the United States!
- With our white-glove onboarding, rooftop accurate calculations, proactive nexus monitoring, expert tax professional services, and click-to-approve sales tax registrations & filings, we take care of all the sales tax responsibilities for you. You can focus on your business and clients without worrying about the complexities of sales tax. We also ensure that you always stay compliant.
Find Sales Tax Information for Other Illinois Cities
- Oakford Village Sales Tax Rate 2024
- Sales Tax Rates in Oakford Village by Zip Codes and Districts
- How Does the Oakford Village Sales Tax Compare to the Rest of Illinois?
- What Creates Sales Tax Nexus in Oakford Village?
- What Products Are Exempt from Oakford Village Sales Tax?
- Who Needs a Sales Permit in Oakford Village?
- How to Collect Sales Tax in Oakford Village
- How to File and Pay Sales Tax in Oakford Village