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North Cook News

Wednesday, December 25, 2024

Hoffman Estates residents pay $4.2 million in Municipal Home Rule Sales Tax in 2021

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Hoffman Estates taxpayers paid $4.2 million in Municipal Home Rule Sales Tax in 2021, according to Illinois tax records.

This is an increase over the year before when $2.7 million was collected.

The Municipal Home Rule 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 Home Rule Sales Tax collected in Hoffman Estates in recent years
YearAmount Collected% Change from Previous Year
2021$4,173,37754.5
2020$2,701,446-12.4
2019$3,083,428-17.5

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