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McHenry Times

Monday, November 25, 2024

Lakewood taxpayers give $21,681 in Municipal Sales Tax in July

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Lakewood taxpayers paid $21,681 in Municipal Sales Tax in July, according to Illinois tax records.

This is an increase over the month before when $20,830 was collected.

Taxpayers in Lakewood have paid $199,412 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 Lakewood in last 12 months
MonthAmount Collected% Change from Previous Month
July$21,6814.1
June$20,83040.2
May$14,8606.2
April$13,9862.1
March$13,695-18.7
February$16,841-5.7
January$17,86814.3
December 2021$15,6278.8
November 2021$14,362-2.2
October 2021$14,683-13.3
September 2021$16,938-6.1
August 2021$18,0413.8

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