Sales Tax in Trout Valley Village, Illinois in 2024
- Trout Valley Village Sales Tax Rate 2024
- Sales Tax Rates in Trout Valley Village by Zip Codes and Districts
- How Does the Trout Valley Village Sales Tax Compare to the Rest of Illinois?
- What Creates Sales Tax Nexus in Trout Valley Village?
- What Products Are Exempt from Trout Valley Village Sales Tax?
- Who Needs a Sales Permit in Trout Valley Village?
- How to Collect Sales Tax in Trout Valley Village
- How to File and Pay Sales Tax in Trout Valley Village
The combined sales tax rate for Trout Valley Village, Illinois is 7.25%. Your total sales tax rate is the sum of the Illinois state tax (6.25%), the Mchenry County sales tax (0.25%), and the special tax (0.75%). Trout Valley Village doesn’t levy a city sales tax.
We'll walk you through how the sales tax rate is determined for Trout Valley Village and address some common questions you may have. We'll also cover how to collect, audit, and remit sales tax in Trout Valley 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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Trout Valley Village Sales Tax Rate 2024
Trout Valley Village is located in Mchenry County in Illinois, United States, and has a sales tax rate of 7.25%. This includes local and state sales tax rates.
Here is the breakdown of the Trout Valley Village's sales tax:
Tax Jurisdiction | Sales Tax Rate |
State Tax | 6.25% |
County Tax | 0.25% |
Special Tax | 0.75% |
Combined Rate | 7.25% |
Sales Tax Rates in Trout Valley Village by Zip Codes and Districts
Let’s see the sales tax rates in Trout Valley Village broken down by zip codes and districts:District | Zip Codes | Combined Sales Tax Rate |
MCHENRY COUNTY|TROUT VALLEY VILLAGE (MCHENRY COUNTY)|MCHENRY COUNTY RTA | 60013 | 7.25% |
How Does the Trout Valley Village Sales Tax Compare to the Rest of Illinois?
Trout Valley Village’s 7.25% sales tax rate is 4.25% lower than the highest sales tax rate in Illinois, which stands at 11.50% in cities like Harvey.
It is 1.00% higher than the lowest sales tax rate in Illinois, which stands at 6.25% in cities like Germantown Village.
To give you a better idea, here’s a comparison of Trout Valley Village sales tax rates with a few other cities in Illinois:
City | Sales Tax Rates |
Germantown Village | 6.25% |
Potomac Village | 6.50% |
Trout Valley Village | 7.25% |
Yates Village | 7.75% |
Huntley Village | 8.00%-8.25% |
Freeport | 9.00% |
Oak Lawn Village | 10.25% |
Harvey | 10.50%-11.50% |
You can also compare the sales tax rate of Trout Valley Village against the Illinois cities closest in population size:
- Cullom Village's sales tax rate is 7.25%
- Dawson Village's sales tax rate is 7.25%
What Creates Sales Tax Nexus in Trout Valley Village?
Trout Valley Village follows the Illinois state sales tax law, as it’s located in Illinois. There are no separate nexus rules specifically for Trout Valley 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 Trout Valley Village Sales Tax?
These tax exemptions are granted by the Illinois sales tax law and apply to Trout Valley Village as well. (There are no separate exemptions for Trout Valley 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 Trout Valley 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 Trout Valley 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 Trout Valley 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 Trout Valley 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 Cullom Village, Illinois, and you make a sale to a buyer in Trout Valley Village, Illinois. Then, you’d charge the buyer the sales tax rate at your Cullom 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 Trout Valley Village, Illinois, you should charge the buyer the Trout Valley Village sales tax rate.
Learn more about origin-based and destination-based sales tax sourcing here.
How to File and Pay Sales Tax in Trout Valley Village
Taxpayers have multiple options to file and pay Trout Valley 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
- Trout Valley Village Sales Tax Rate 2024
- Sales Tax Rates in Trout Valley Village by Zip Codes and Districts
- How Does the Trout Valley Village Sales Tax Compare to the Rest of Illinois?
- What Creates Sales Tax Nexus in Trout Valley Village?
- What Products Are Exempt from Trout Valley Village Sales Tax?
- Who Needs a Sales Permit in Trout Valley Village?
- How to Collect Sales Tax in Trout Valley Village
- How to File and Pay Sales Tax in Trout Valley Village