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McHenry Times

Monday, November 25, 2024

Woodstock collects $509,641 in Municipal Sales Tax in July

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Woodstock taxpayers paid $509,641 in Municipal Sales Tax in July, according to Illinois tax records.

This is a decrease from the month before when $514,195 was collected.

Taxpayers in Woodstock have paid $5.5 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 Woodstock in last 12 months
MonthAmount Collected% Change from Previous Month
July$509,641-0.9
June$514,19514
May$450,862-3.2
April$465,96827.7
March$365,031-6.4
February$389,870-19.9
January$486,9380.4
December 2021$485,0104
November 2021$466,1921.7
October 2021$458,2941.1
September 2021$453,232-3.9
August 2021$471,827-7.2

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