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Lima Sales Tax Rates for 2024
Lima in Illinois has a tax rate of 6.5% for 2024, this includes the Illinois Sales Tax Rate of 6.25% and Local Sales Tax Rates in Lima totaling 0.25%. You can find more tax rates and allowances for Lima and Illinois in the 2024 Illinois Tax Tables.
How Does Sales Tax in Lima compare to the rest of Illinois?
Illinois has 802 seperate areas each with their own Sales Tax rates with the lowest Sales Tax rate in Illinois being 6.25% and the highest Sales Tax rate in Illinois at 10%.
How is Sales Tax Calculated in Lima, Illinois
Sales Tax in Lima, Illinois is calculated using the following formula:
Sales Tax Rate = s + c + l + sr
Where:
- s = Illinois State Sales Tax Rate (6.25%)
- c = County Sales Tax Rate
- l = Local Sales Tax Rate
- sr = Special Sales Tax Rate
You can calculate Sales Tax manually using the formula or use the Lima Sales Tax Calculator or compare Sales Tax between different locations within Illinois using the Illinois State Sales Tax Comparison Calculator.