Quantcast

Dupage Policy Journal

Monday, May 13, 2024

Villa Park residents rank 88th in total sales taxes paid in Illinois for December 2023

Webp david harris 4

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Villa Park taxpayers ranked 88th in total sales taxes paid per municipality in December 2023, according to Illinois tax records.

In total, Villa Park residents paid $961,092 in sales taxes during December 2023.

Villa Park ranked 86th in the Prairie State the month before, with $956,551 spent in sales taxes.

The Municipal Sales Tax accounted for the largest share of sales taxes paid by Villa Park residents in December 2023.

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 Villa Park in December 2023
Municipal Sales Tax [60.8%]Non-Home Rule Sales Tax [38.7%]Municipal Automobile Renting Tax [0.3%]Business District Tax [0.2%]

Sales Taxes Collected in Villa Park in December 2023
Type of TaxAmount Collected in Month% Change From Previous Month
Municipal Sales Tax$584,1660.5
Non-Home Rule Sales Tax$371,5682.2
Municipal Automobile Renting Tax$3,188-68
Business District Tax$2,16930.6

MORE NEWS