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A significant percentage of the Village's revenue is in the form of taxes including:

Property Tax

The Village finances between 23% and 27% of its operations through property taxes and is continually striving to diversify its revenue base in order to reduce reliance on the property tax. The Village's portion of the property tax reflects 11.8% of the total tax bill.

 River Forest 2016 Property Tax Levy Distribution Pie Chart

Taxing Agency Property Tax Rate
Cook County 0.596
River Forest Township 0.121
Village of River Forest 1.357
River Forest Library 0.252
School District #90 4.542
High School District #200 3.531
Community College District #504 0.33
River Forest Park District 0.324
Other 0.423
Total 11.476

Sales Tax

Sales tax for general merchandise in River Forest is 10.00% (the sales tax for Food and Drugs is 2.25%). The sales tax is comprised of four separate taxing authorities as noted below:

Taxing Authority
Portion of Sales Tax
State of Illinois
 
6.25%
Cook County
 
1.75%
Regional Transportation Authority (RTA)
 
1.00%
Village of River Forest 
 
1.00%
Total
 
10.00%

Real Estate Transfer Tax 

When a real estate property is sold in River Forest, a tax equal to $1.00 for every $1,000 (or fraction thereof) of consideration must be paid. This is the responsibility of the property seller.

Example

Amount sold for
Divide by 1,000
Multiply by $1.00
Final amount owed
$410,750
$410,750/ 1,000 = 411
411 x $1.00= $411
$411.00

The following steps must be taken to receive transfer stamps:

Places for Eating Tax

The Places for Eating tax is levied on the gross receipts received for prepared food sold at retail. The amount of the tax is 1% and is placed on the owners of places for eating, who can pass the tax along to consumers.

"Places for Eating" is defined as a place where prepared food is sold at retail for immediate consumption with seating provided on the premises, including any outdoor seating on the premises, whether the food is consumed on the premises or not. 

Utility Tax

The utility tax includes the following:

Income Tax

A portion of the State of Illinois income tax is distributed to municipalities on a per capita basis.