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Lake County Gazette

Sunday, November 24, 2024

Lake Zurich residents pay $527,013 in Municipal Sales Tax in March

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Lake Zurich taxpayers paid $527,013 in Municipal Sales Tax in March, according to Illinois tax records.

This is a decrease from the month before when $553,226 was collected.

Taxpayers in Lake Zurich have paid $7.4 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 Lake Zurich in last 12 months
MonthAmount Collected% Change from Previous Month
March$527,013-4.7
February$553,226-26
January$747,30713.6
December 2021$657,8199.2
November 2021$602,1301.5
October 2021$593,038-17.7
September 2021$720,53217.3
August 2021$614,470-3.4
July 2021$636,3062.3
June 2021$622,01211.7
May 2021$556,926-3
April 2021$574,06223.2

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