Food and Beverage Tax
The Village levies a one percent tax on the sale of prepared food and beverages. 

Real Estate Transfer Tax
Real Estate Transfer Tax is $3 per thousand. Values less than $500 will be rounded down to the nearest $1,000 and rounded up if $500.01 or more. 

Sales Tax
The general merchandise sales tax rate for Cook and Lake County is 10% and 8% respectively. The sales tax rate on qualifying food and drugs is 2.25% in Cook County and 1.75% in Lake County.  The Village receives one percent of the State's base sales tax rate and an additional one percent Home Rule sales tax.

In addition, the tax rate on food and beverages sold at restaurants in the Cook County portion of Buffalo Grove is 11.0% (e.g. 10% for sales tax and 1.0% for food and beverage tax).  In the Lake County portion of Buffalo Grove, the total tax rate on food sold at restaurants is 9.0% (e.g. 8.0% for sales tax and 1.0% for food and beverage tax). 

Telecommunications Tax
The State of Illinois collects a six percent telecommunications tax on behalf of the Village.

Property Tax
The property tax is an ad valorem tax, meaning that the tax is based upon the value of property. It is a local tax imposed by local government taxing districts (e.g., school districts, municipalities, counties) and administered by local officials (e.g. township assessors, chief county assessment officers, local boards of review, county collectors).