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Thursday, November 21, 2024

Prairie State taxes: Evergreen Park residents rank 72nd in total sales taxes paid for July

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Evergreen Park taxpayers ranked 72nd in total sales taxes paid per municipality in July, according to Illinois tax records.

In total, Evergreen Park residents paid $1.2 million in sales taxes during July.

Evergreen Park ranked 71st in the Prairie State the month before, with $1.1 million spent in sales taxes.

The Municipal Sales Tax accounted for the largest share of sales taxes paid by Evergreen Park residents in July.

In Illinois, Municipal Sales Taxes, typically set at 1%, are combined with the state sales tax of 5% and a county tax of 0.25%, resulting in a total state tax rate of 6.25%. These taxes vary at local level and are aimed at diverse municipal needs, like infrastructure and public services. The revenue generated from these taxes is destined to fund local government operations, public safety, education, and community development projects.

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 Evergreen Park in July
Municipal Sales Tax [54.7%]Municipal Home Rule Sales Tax [38.9%]Business District Tax [6.4%]Municipal Automobile Renting Tax [0%]

Sales Taxes Collected in Evergreen Park in July
Type of TaxAmount Collected in Month% Change From Previous Month
Municipal Sales Tax$647,0812.3
Municipal Home Rule Sales Tax$459,7304.4
Business District Tax$76,08710
Municipal Automobile Renting Tax$4826.3

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