Quantcast

Lake County Gazette

Monday, November 25, 2024

Highwood taxpayers give $741,819 in Municipal Sales Tax in 2021

17edited

Highwood taxpayers paid $741,819 in Municipal Sales Tax in 2021, according to Illinois tax records.

This is an increase over the year before when $564,440 was collected.

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 Highwood in recent years
YearAmount Collected% Change from Previous Year
2021$741,81931.4
2020$564,440-0.8
2019$569,257-6.9

MORE NEWS