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McHenry Times

Tuesday, November 5, 2024

Lakemoor residents pay $187,796 in Municipal Sales Tax in January

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Lakemoor taxpayers paid $187,796 in Municipal Sales Tax in January, according to Illinois tax records.

This is an increase over the month before when $151,057 was collected.

Taxpayers in Lakemoor have paid $1.9 million in Municipal Sales Tax in the last 12 months.

The Municipal 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 Sales Tax collected in Lakemoor in last 12 months
MonthAmount Collected% Change from Previous Month
January$187,79624.3
December 2021$151,057-3.9
November 2021$157,2280.5
October 2021$156,390-2.2
September 2021$159,909-35.3
August 2021$247,22852.3
July 2021$162,3683.5
June 2021$156,8753.8
May 2021$151,2022.3
April 2021$147,73615
March 2021$128,43715.3
February 2021$111,429-9.6

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