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McHenry Times

Monday, November 25, 2024

$403,383 in Municipal Sales Tax collected in July for Lake in the Hills

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Lake in the Hills taxpayers paid $403,383 in Municipal Sales Tax in July, according to Illinois tax records.

This is an increase over the month before when $370,931 was collected.

Taxpayers in Lake in the Hills have paid $4.2 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 Lake in the Hills in last 12 months
MonthAmount Collected% Change from Previous Month
July$403,3838.7
June$370,9311.8
May$364,3732.8
April$354,43419.8
March$295,850-4.5
February$309,760-15.8
January$367,9976.5
December 2021$345,4077.4
November 2021$321,750-1.2
October 2021$325,598-26.6
September 2021$443,76339.9
August 2021$317,203-3.1

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