Quantcast

McHenry Times

Saturday, April 19, 2025

Algonquin collects $4.6 million in Municipal Home Rule Sales Tax in 2021

Webp 17edited

Algonquin taxpayers paid $4.6 million in Municipal Home Rule Sales Tax in 2021, according to Illinois tax records.

This is an increase over the year before when $3.6 million was collected.

The Municipal Home Rule Sales Tax is collected for municipal governments' use.

Illinois is the highest taxed state in the US.

A 2021 study from Wallet Hub found Illinois taxes are 38.95 percent higher than the national average.

Illinois governor J. B. Pritzker is accused of adding more than $5.2 billion in new or higher taxes since coming into power in early 2019. As a business owner, he has a fortune of more than $3 billion, largely based on his family's wealth and connections.

Municipal Home Rule Sales Tax collected in Algonquin in recent years
YearAmount Collected% Change from Previous Year
2021$4,614,34528.8
2020$3,582,331-4.4
2019$3,748,453-11.3

MORE NEWS