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McHenry Times

Monday, November 25, 2024

McHenry collects $709,927 in Municipal Sales Tax in July

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McHenry taxpayers paid $709,927 in Municipal Sales Tax in July, according to Illinois tax records.

This is a decrease from the month before when $777,258 was collected.

Taxpayers in McHenry have paid $8.2 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 McHenry in last 12 months
MonthAmount Collected% Change from Previous Month
July$709,927-8.7
June$777,25813.3
May$685,757-2.4
April$702,86319.7
March$587,392-0.7
February$591,428-20.4
January$743,2623.4
December 2021$719,0838.2
November 2021$664,348-0.5
October 2021$667,7920.5
September 2021$664,363-2.5
August 2021$681,142-7.4

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