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Monday, November 25, 2024

Palatine taxpayers give $998,096 in Municipal Sales Tax in May

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Palatine taxpayers paid $998,096 in Municipal Sales Tax in May, according to Illinois tax records.

This is an increase over the month before when $981,896 was collected.

Taxpayers in Palatine have paid $11.4 million in Municipal Sales Tax in the last 12 months.

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 Palatine in last 12 months
MonthAmount Collected% Change from Previous Month
May$998,0961.6
April$981,89621.9
March$805,290-6.7
February$862,956-18.1
January$1,053,9009
December 2021$967,3074.1
November 2021$929,3821.4
October 2021$916,737-2
September 2021$935,772-1.7
August 2021$952,105-6.9
July 2021$1,022,2001.4
June 2021$1,008,5309.6

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