Quantcast

Lake County Gazette

Thursday, November 21, 2024

Deerfield ranks 68th in total sales taxes paid in Illinois during April

Webp david harris 1

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Deerfield taxpayers ranked 68th in total sales taxes paid per municipality in April, according to Illinois tax records.

In total, Deerfield residents paid $1.2 million in sales taxes during April.

Deerfield ranked 140th in the Prairie State the month before, with $465,030 spent in sales taxes.

The Municipal Sales Tax accounted for the largest share of sales taxes paid by Deerfield residents in April.

In Illinois, Municipal Sales Taxes, typically set at 1%, are combined with the state sales tax of 5% and a county tax of 0.25%, resulting in a total state tax rate of 6.25%. These taxes vary at local level and are aimed at diverse municipal needs, like infrastructure and public services. The revenue generated from these taxes is destined to fund local government operations, public safety, education, and community development projects.

As of 2021, Illinois was the highest taxed state in the US. A study from Wallet Hub found Illinois taxes were 39.83% 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.

Composition of Sales Tax Revenue in Deerfield in April
Municipal Sales Tax [54.2%]Municipal Home Rule Sales Tax [45.8%]

Sales Taxes Collected in Deerfield in April
Type of TaxAmount Collected in Month% Change From Previous Month
Municipal Sales Tax$661,917144.5
Municipal Home Rule Sales Tax$558,764187.6

MORE NEWS