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Lake County Gazette

Sunday, November 24, 2024

Lake Barrington residents pay $55,426 in Municipal Sales Tax in July

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Lake Barrington taxpayers paid $55,426 in Municipal Sales Tax in July, according to Illinois tax records.

This is an increase over the month before when $54,661 was collected.

Taxpayers in Lake Barrington have paid $568,250 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 Barrington in last 12 months
MonthAmount Collected% Change from Previous Month
July$55,4261.4
June$54,66116.1
May$47,0713.2
April$45,63032.7
March$34,397-14.7
February$40,342-23.2
January$52,507-6.9
December 2021$56,41626.9
November 2021$44,448-16.7
October 2021$53,35428.8
September 2021$41,411-2.8
August 2021$42,587-6.1

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