Lorenzo — Financial Data

64 Population FY 2023

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for Illinois and Lorenzo.

Component	Summary	Effective	Coverage	Sources
IL state personal income tax	Illinois levies individual income tax at a flat 4.95% rate.	In effect for tax years beginning on or after July 1, 2017.	Rate missing	Illinois income tax rates
IL sales and use tax (base)	Illinois state sales and use tax base rate is 6.25%; local rates are additive by jurisdiction.	Current Department of Revenue guidance (as accessed April 18, 2026).	Rate missing	Illinois sales tax rates and taxes
IL property tax policy (local authorities)	Property taxes are administered and levied locally; the Illinois Department of Revenue does not directly bill or collect local property taxes.	Current Department of Revenue guidance (as accessed April 18, 2026).	Needs review	Illinois property tax information

Community Profile

Census Bureau ACS 5-year estimates

18.8% Poverty Rate 2023

52.9% Bachelor's+ Rate 2023

0.0% Unemployment Rate 2023

100.0% Homeownership Rate 2023

Median Age

26.6 (2023)

2021 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.3 (2023)

2022 2023

Financial Documents (3)

Year	Title	Type
2023	Lorenzo Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2022	Lorenzo Census ACS 5-Year Estimates 2022	US_CENSUS_ACS5
2021	Lorenzo Census ACS 5-Year Estimates 2021	US_CENSUS_ACS5

Governance & Structure

Governance Structure

School Details

Not applicable for this entity type.