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Tuesday, April 30, 2024

Prairie State sales taxes: Buffalo Grove residents paid 47th-largest sum per municipality in 2022

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Buffalo Grove taxpayers paid the 47th largest sum in sales taxes in 2022, according to Illinois tax records.

In total, Buffalo Grove residents paid $18.2 million in sales taxes during 2022.

Buffalo Grove ranked 52nd in the Prairie State the year before, with $15.6 million spent in sales taxes.

The Municipal Sales Tax accounted for the largest share of sales taxes paid by Buffalo Grove 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.

Composition of Sales Tax Revenue in Buffalo Grove in 2022
Municipal Sales Tax [56.3%]Municipal Home Rule Sales Tax [43.7%]

Sales Taxes Collected in Buffalo Grove in 2022

Type of TaxAmount Collected in Year% Change From Previous Year
Municipal Sales Tax$10,237,37914.2
Municipal Home Rule Sales Tax$7,940,82119.4

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