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McHenry Times

Monday, November 25, 2024

$6,262 in Municipal Sales Tax collected in July for Ringwood

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Ringwood taxpayers paid $6,262 in Municipal Sales Tax in July, according to Illinois tax records.

This is a decrease from the month before when $8,175 was collected.

Taxpayers in Ringwood have paid $86,997 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 Ringwood in last 12 months
MonthAmount Collected% Change from Previous Month
July$6,262-23.4
June$8,17516.4
May$7,025-2.4
April$7,19529.7
March$5,547-26.2
February$7,5130.9
January$7,44620.7
December 2021$6,167-8.9
November 2021$6,768-20.3
October 2021$8,49612.4
September 2021$7,561-14.5
August 2021$8,8428.4

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