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Saturday, April 27, 2024

Hoffman Estates 62nd highest taxed Illinois municipality in May

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Hoffman Estates taxpayers paid the 62nd highest amount in sales taxes in May, according to Illinois tax records.

Taxpayers in Hoffman Estates paid $1.2 million in May.

Hoffman Estates was ranked 64th the month before.

Of all the taxes Hoffman Estates residents paid for, Municipal Sales Tax was the most contributed to tax.

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.

Sales Taxes Collected in Hoffman Estates in May
Type of TaxAmount Collected in Month% Change From Previous Month
Municipal Sales Tax$807,8863.3
Municipal Home Rule Sales Tax$412,837-8.9

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