Is farm equipment exempted from the 1/2 of 1 percent local option sales tax?
A. Farm equipment used in the production of agricultural crops is exempt from sales tax. Such equipment would include tractors, combines, plows, etc. Other equipment sold by farm implement dealerships not used in the production of agricultural crops, such as garden tractors and mowers, may be subject to the local option sales tax if they are not titled or registered with the State of Illinois. Titled or registered vehicles or other items are not subject to the local option sales tax. 9. How is the local option sales tax different from property tax? A. Property tax is paid by property owners based on the assessed valuation of real estate (residential, commercial and industrial buildings and land) that they own. Property tax is paid in two installments to the McDonough County Treasurer s office during the months of June through September. Property tax receipts are distributed to the various taxing bodies based on their property tax levies. Taxing bodies receiving property tax include Mac
