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McHenry Times

Sunday, November 24, 2024

Lakemoor residents pay $226,828 in Municipal Sales Tax in July

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Lakemoor taxpayers paid $226,828 in Municipal Sales Tax in July, according to Illinois tax records.

This is an increase over the month before when $220,704 was collected.

Taxpayers in Lakemoor have paid $2.1 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
July$226,8282.8
June$220,70425.4
May$176,03211.5
April$157,909-4.3
March$164,92021
February$136,259-27.4
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

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