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Monday, November 25, 2024

Homewood residents pay $6.2 million in Municipal Sales Tax in 2021

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Homewood taxpayers paid $6.2 million in Municipal Sales Tax in 2021, according to Illinois tax records.

This is an increase over the year before when $5.3 million was collected.

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 Homewood in recent years
YearAmount Collected% Change from Previous Year
2021$6,235,94616.6
2020$5,349,32315.7
2019$4,622,803-5.9

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