Local Tax Information
The Village of Buffalo Grove levies and collects taxes to fund the services provided to its businesses and residents. To learn more about specific taxes in the Village please click the applicable link below.
Food and Beverage TaxFood And Beverage Tax Form
Current Food and Beverage Tax
The tax rate on qualifying food and beverages sold at businesses in the Cook County portion of Buffalo Grove is 11% (e.g. 10% for sales tax and 1% for food and beverage tax). Lake County businesses portion of the total tax rate on food sold at restaurants is 9% (e.g. 8% for sales tax and 1% for food and beverage tax).
When is my food and beverage tax due?
Food and Beverage Tax is due one month in arrears to the village no later than the last day of each month, or the first business day following a weekend or holiday. Filing on or before of the 20th of a month provides the filer a two percent discount of the tax due. All filings received after the 30th/31st due date will result in a late payment penalty equal to five percent of the unpaid tax.
How do I pay my tax to the Village?
All retail businesses are required to submit a completed “Food and Beverage Tax Registration Form” prior to conduction business. Once the business is operational you will fill a Food and Beverage tax form monthly online, in-person, or through the mail. Payments of tax can only be accepted through the mail or in person at Village Hall. All submissions are considered incomplete until full payment is received. All incomplete submissions are subject to the five percent late filing penalty.
Click here to view Village of Buffalo Grove Municipal Code Chapter 3.48 - Prepared Food and Beverage Tax.
Click Here for an Tax Submission Form and Instructions
Hotel and Motel TaxThe tax levied and imposed upon the renting, leasing and letting of rooms in a hotel or motel licensed for operations in the Village of Buffalo Grove, is at a rate of 6% of the gross rental receipts from such rental, leasing or letting.
Tax Filing Form
Property TaxesAdministration of the 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).
Two component activities affect each taxpayer’s property tax bill:
Boards of Review
County boards of review determine whether local assessing officials have calculated assessed values correctly, equalize assessments within the county, determine if any property was omitted, decide if homesteads exemptions should be granted and review non-homestead exemption applications. Property owners and local taxing districts may appeal unfair assessments to their local county boards of review.
The Illinois Department of Revenue then equalizes assessments at the county level and issues a state equalization factor for each county.
Calculating the Tax Rate
Each taxing district then determines the revenues required from property taxes to support operations in order to formulate a levy request. The county clerk at this point applies the state equalization factor, calculates the tax rate needed to generate the amount of revenue requested in the levy, apportions the levy among all taxable property in the taxing district according to their equalized assessed values so that the tax bills can be computed.
Preparing & Collecting Property Taxes
The county collector prepares all tax bills, receives property tax payments from property owners, distributes taxes to the local government taxing districts that levied them, and administers sales of liens on real estate parcels due to non payment of taxes.
For additional information regarding an overview of property taxes visit the Illinois Department of Revenue.
For additional information regarding property assessments please visit:
Provide $100 bills from PAFR or the chart used to populate the $100 bill from PAFR lining out the rates and the amount per hundred of EAV each taxing body collects.
Real Estate Transfer Tax The Village is still issuing transfer stamps. To obtain real estate transfer stamps, please call 847-459-2500 or email bgfinance@vbg.org(opens in new tab) to discuss options and arrange payments. Voicemail and email will be monitored by Finance staff during regular business hours.
Local Sales Taxes
The general merchandise sales tax rate for Cook and Lake County is 10 percent and 8 percent respectively. The sales tax rate on qualifying food and drugs is 2.25 percent in Cook County and 1.75 percent in Lake County. The village receives one percent of the state's base sales tax rate and an additional one percent for Home Rule sales tax. The Illinois Department of Revenue (IDOR) posts these rates with details on their website. Please see the links to the IDOR website for sales tax:
In addition, the tax rate on food and beverages sold at restaurants in the Cook County portion of Buffalo Grove is 11 percent (e.g. 10 percent for sales tax and 1 percent for food and beverage tax). In the Lake County portion of Buffalo Grove, the total tax rate on food sold at restaurants is 9 percent (e.g. 8 percent for sales tax and 1 percent for food and beverage tax).
Sales Tax in Buffalo Grove
Cook CountyThe general merchandise sales tax rate for Cook County is 10.0 percent. Qualifying food and drugs is 2.25 percent. 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 percent (e.g. 10.0% for sales tax and 1.0% for food and beverage tax).
Lake County
The general merchandise sales tax rate for Lake county is 8.0%. Qualifying food and drugs is 1.75%. The village receives 1% of the state's base sales tax rate and an additional 1% Home Rule sales tax.
In addition, the tax rate on food and beverages sold at restaurants 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).
Property Tax Process
Administration of the 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).
Two component activities affect each taxpayer’s property tax bill:
The property tax cycle begins with the assessment. Property is to be assessed with respect to its value and ownership on January 1 of the assessment year. Local assessing officials determine most property values. The chief county assessment officer ensures the assessment levels are uniform and at the legal assessment level by applying a uniform percentage increase or decrease (equalized values) to all assessments in the jurisdiction.
Boards of Review
County boards of review determine whether local assessing officials have calculated assessed values correctly, equalize assessments within the county, determine if any property was omitted, decide if homesteads exemptions should be granted and review non-homestead exemption applications. Property owners and local taxing districts may appeal unfair assessments to their local county boards of review.
The Illinois Department of Revenue then equalizes assessments at the county level and issues a state equalization factor for each county.
Calculating the Tax Rate
Each taxing district then determines the revenues required from property taxes to support operations in order to formulate a levy request. The county clerk at this point applies the state equalization factor, calculates the tax rate needed to generate the amount of revenue requested in the levy, apportions the levy among all taxable property in the taxing district according to their equalized assessed values so that the tax bills can be computed.
Preparing & Collecting Property Taxes
The county collector prepares all tax bills, receives property tax payments from property owners, distributes taxes to the local government taxing districts that levied them, and administers sales of liens on real estate parcels due to non payment of taxes.
For additional information regarding an overview of property taxes visit the Illinois Department of Revenue.
For additional information regarding property assessments please visit Cook County Assessors Office or Lake County Assessors Office.
- Food and Beverage Tax
- Hotel and Motel Tax
- Sales Tax in Buffalo Grove
- Property Taxes
- Real Estate Transfer Tax
- Property Tax
Food and Beverage TaxFood And Beverage Tax Form
Current Food and Beverage Tax
The tax rate on qualifying food and beverages sold at businesses in the Cook County portion of Buffalo Grove is 11% (e.g. 10% for sales tax and 1% for food and beverage tax). Lake County businesses portion of the total tax rate on food sold at restaurants is 9% (e.g. 8% for sales tax and 1% for food and beverage tax).
When is my food and beverage tax due?
Food and Beverage Tax is due one month in arrears to the village no later than the last day of each month, or the first business day following a weekend or holiday. Filing on or before of the 20th of a month provides the filer a two percent discount of the tax due. All filings received after the 30th/31st due date will result in a late payment penalty equal to five percent of the unpaid tax.
How do I pay my tax to the Village?
All retail businesses are required to submit a completed “Food and Beverage Tax Registration Form” prior to conduction business. Once the business is operational you will fill a Food and Beverage tax form monthly online, in-person, or through the mail. Payments of tax can only be accepted through the mail or in person at Village Hall. All submissions are considered incomplete until full payment is received. All incomplete submissions are subject to the five percent late filing penalty.
Click here to view Village of Buffalo Grove Municipal Code Chapter 3.48 - Prepared Food and Beverage Tax.
Click Here for an Tax Submission Form and Instructions
Hotel and Motel TaxThe tax levied and imposed upon the renting, leasing and letting of rooms in a hotel or motel licensed for operations in the Village of Buffalo Grove, is at a rate of 6% of the gross rental receipts from such rental, leasing or letting.
- Hotel & Motel Tax is - 6 percent of Gross Receipts
- Payment due no later than thirty (30) days after the end of the month of liability
- Late Payments subject to a 1 percent, per month interest charge and other penalties pursuant to Village of Buffalo Grove Municipal Code Chapter 3.28 - Hotel Motel Tax..
- Exempt Transactions - Any room or rooms in a hotel or motel for at least thirty (30) consecutive days.
Tax Filing Form
Property TaxesAdministration of the 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).
Two component activities affect each taxpayer’s property tax bill:
- Determining the amount of revenue (taxes) needed to operate government: and
- Apportioning the burden of those taxes among taxpayers Assessment
Boards of Review
County boards of review determine whether local assessing officials have calculated assessed values correctly, equalize assessments within the county, determine if any property was omitted, decide if homesteads exemptions should be granted and review non-homestead exemption applications. Property owners and local taxing districts may appeal unfair assessments to their local county boards of review.
The Illinois Department of Revenue then equalizes assessments at the county level and issues a state equalization factor for each county.
Calculating the Tax Rate
Each taxing district then determines the revenues required from property taxes to support operations in order to formulate a levy request. The county clerk at this point applies the state equalization factor, calculates the tax rate needed to generate the amount of revenue requested in the levy, apportions the levy among all taxable property in the taxing district according to their equalized assessed values so that the tax bills can be computed.
Preparing & Collecting Property Taxes
The county collector prepares all tax bills, receives property tax payments from property owners, distributes taxes to the local government taxing districts that levied them, and administers sales of liens on real estate parcels due to non payment of taxes.
For additional information regarding an overview of property taxes visit the Illinois Department of Revenue.
For additional information regarding property assessments please visit:
- Cook County Assessors Office (Link)
- Lake County Assessors Office (Link)
Provide $100 bills from PAFR or the chart used to populate the $100 bill from PAFR lining out the rates and the amount per hundred of EAV each taxing body collects.
Real Estate Transfer Tax The Village is still issuing transfer stamps. To obtain real estate transfer stamps, please call 847-459-2500 or email bgfinance@vbg.org(opens in new tab) to discuss options and arrange payments. Voicemail and email will be monitored by Finance staff during regular business hours.
Local Sales Taxes
The general merchandise sales tax rate for Cook and Lake County is 10 percent and 8 percent respectively. The sales tax rate on qualifying food and drugs is 2.25 percent in Cook County and 1.75 percent in Lake County. The village receives one percent of the state's base sales tax rate and an additional one percent for Home Rule sales tax. The Illinois Department of Revenue (IDOR) posts these rates with details on their website. Please see the links to the IDOR website for sales tax:
- Cook County (Link)
- Lake County (Link)
In addition, the tax rate on food and beverages sold at restaurants in the Cook County portion of Buffalo Grove is 11 percent (e.g. 10 percent for sales tax and 1 percent for food and beverage tax). In the Lake County portion of Buffalo Grove, the total tax rate on food sold at restaurants is 9 percent (e.g. 8 percent for sales tax and 1 percent for food and beverage tax).
Sales Tax in Buffalo Grove
Cook CountyThe general merchandise sales tax rate for Cook County is 10.0 percent. Qualifying food and drugs is 2.25 percent. 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 percent (e.g. 10.0% for sales tax and 1.0% for food and beverage tax).
Lake County
The general merchandise sales tax rate for Lake county is 8.0%. Qualifying food and drugs is 1.75%. The village receives 1% of the state's base sales tax rate and an additional 1% Home Rule sales tax.
In addition, the tax rate on food and beverages sold at restaurants 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).
Property Tax Process
Administration of the 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).
Two component activities affect each taxpayer’s property tax bill:
- Determining the amount of revenue (taxes) needed to operate government: and
- Apportioning the burden of those taxes among taxpayers.
The property tax cycle begins with the assessment. Property is to be assessed with respect to its value and ownership on January 1 of the assessment year. Local assessing officials determine most property values. The chief county assessment officer ensures the assessment levels are uniform and at the legal assessment level by applying a uniform percentage increase or decrease (equalized values) to all assessments in the jurisdiction.
Boards of Review
County boards of review determine whether local assessing officials have calculated assessed values correctly, equalize assessments within the county, determine if any property was omitted, decide if homesteads exemptions should be granted and review non-homestead exemption applications. Property owners and local taxing districts may appeal unfair assessments to their local county boards of review.
The Illinois Department of Revenue then equalizes assessments at the county level and issues a state equalization factor for each county.
Calculating the Tax Rate
Each taxing district then determines the revenues required from property taxes to support operations in order to formulate a levy request. The county clerk at this point applies the state equalization factor, calculates the tax rate needed to generate the amount of revenue requested in the levy, apportions the levy among all taxable property in the taxing district according to their equalized assessed values so that the tax bills can be computed.
Preparing & Collecting Property Taxes
The county collector prepares all tax bills, receives property tax payments from property owners, distributes taxes to the local government taxing districts that levied them, and administers sales of liens on real estate parcels due to non payment of taxes.
For additional information regarding an overview of property taxes visit the Illinois Department of Revenue.
For additional information regarding property assessments please visit Cook County Assessors Office or Lake County Assessors Office.