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Tuesday, November 12, 2024

Calumet City ranks 96th in total sales taxes paid in Illinois during May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Calumet City taxpayers ranked 96th in total sales taxes paid per municipality in May, according to Illinois tax records.

In total, Calumet City residents paid $880,229 in sales taxes during May.

Calumet City ranked 90th in the Prairie State the month before, with $938,305 spent in sales taxes.

The Municipal Sales Tax accounted for the largest share of sales taxes paid by Calumet City residents in May.

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 Calumet City in May
Municipal Sales Tax [61%]Municipal Home Rule Sales Tax [38.9%]Business District Tax [0.1%]

Sales Taxes Collected in Calumet City in May
Type of TaxAmount Collected in Month% Change From Previous Month
Municipal Sales Tax$536,939-6.8
Municipal Home Rule Sales Tax$342,232-5.2
Business District Tax$1,057-9.7

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