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Sunday, November 24, 2024

Carol Stream ranks 55th in total sales taxes paid per municipality in Illinois for 2022

Webp cory staley 1

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Carol Stream taxpayers ranked 55th in total sales taxes among Illinois municipalities in 2022, according to Illinois tax records.

In total, Carol Stream residents paid $16.4 million in sales taxes during 2022.

Carol Stream ranked 58th in the Prairie State the year before, with $13.8 million spent in sales taxes.

The Municipal Sales Tax accounted for the largest share of sales taxes paid by Carol Stream 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 Carol Stream in 2022
Municipal Sales Tax [56.7%]Municipal Home Rule Sales Tax [43%]Municipal Automobile Renting Tax [0.2%]

Sales Taxes Collected in Carol Stream in 2022

Type of TaxAmount Collected in Year% Change From Previous Year
Municipal Sales Tax$9,279,54515.9
Municipal Home Rule Sales Tax$7,040,32921.7
Municipal Automobile Renting Tax$35,60551.9

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