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Monday, November 25, 2024

Palatine residents pay $538,564 in Municipal Home Rule Sales Tax in May

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Palatine taxpayers paid $538,564 in Municipal Home Rule Sales Tax in May, according to Illinois tax records.

This is an increase over the month before when $499,443 was collected.

Taxpayers in Palatine have paid $6 million in Municipal Home Rule Sales Tax in the last 12 months.

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 Palatine in last 12 months
MonthAmount Collected% Change from Previous Month
May$538,5647.8
April$499,44320.4
March$414,665-3.8
February$431,064-26
January$582,37212.5
December 2021$517,5295.9
November 2021$488,701-2.8
October 2021$502,9714.6
September 2021$480,7850.2
August 2021$479,791-9.3
July 2021$528,9168.7
June 2021$486,7008.5

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