Director David Harris | Illinois Department of Revenue
Director David Harris | Illinois Department of Revenue
In total, Mount Prospect residents paid $38.7 million in sales taxes during 2022.
Mount Prospect ranked 14th in the Prairie State the year before, with $35.5 million spent in sales taxes.
The Municipal Sales Tax accounted for the largest share of sales taxes paid by Mount Prospect residents in 2022.
As of 2021, Illinois was the highest taxed state in the US. A study from Wallet Hub found Illinois taxes were 39.83% 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 Mount Prospect in 2022
| Type of Tax | Amount Collected in Year | % Change From Previous Year |
|---|---|---|
| Municipal Sales Tax | $31,069,576 | 8 |
| Municipal Home Rule Sales Tax | $7,289,809 | 13 |
| Business District Tax | $306,069 | 6.2 |
| Municipal Automobile Renting Tax | $32,151 | -5.3 |
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