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Lake County Gazette

Monday, November 25, 2024

Gurnee responsible for 23rd-highest sales tax revenue in Illinois during July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Gurnee taxpayers paid the 23rd largest sum in sales taxes per municipality in July, according to Illinois tax records.

In total, Gurnee residents paid $2.5 million in sales taxes during July.

Gurnee ranked 26th in the Prairie State the month before, with $2.3 million spent in sales taxes.

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

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 Gurnee in July
Municipal Sales Tax [57.4%]Municipal Home Rule Sales Tax [42.6%]

Sales Taxes Collected in Gurnee in July
Type of TaxAmount Collected in Month% Change From Previous Month
Municipal Sales Tax$1,426,8767.8
Municipal Home Rule Sales Tax$1,057,60410.6

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