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Lake County Gazette

Monday, November 25, 2024

$519,611 in Municipal Sales Tax collected in 2021 for Lake Barrington

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Lake Barrington taxpayers paid $519,611 in Municipal Sales Tax in 2021, according to Illinois tax records.

This is an increase over the year before when $354,776 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 Lake Barrington in recent years
YearAmount Collected% Change from Previous Year
2021$519,61146.5
2020$354,776-5.9
2019$376,942-10.2

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