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North Cook News

Tuesday, December 24, 2024

Hoffman Estates taxpayers give $8.8 million in Municipal Sales Tax in 2021

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Hoffman Estates taxpayers paid $8.8 million in Municipal Sales Tax in 2021, according to Illinois tax records.

This is an increase over the year before when $7 million was collected.

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 Hoffman Estates in recent years
YearAmount Collected% Change from Previous Year
2021$8,841,78626.8
2020$6,975,609-1.2
2019$7,062,312-11.7

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