Quantcast

Dupage Policy Journal

Friday, November 15, 2024

Prairie State sales taxes: Lombard residents paid 38th-largest sum in August

Webp david harris 4

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Lombard taxpayers paid the 38th largest sum in sales taxes per municipality in August, according to Illinois tax records.

In total, Lombard residents paid $2 million in sales taxes during August.

Lombard ranked 31st in the Prairie State the month before, with $2.1 million spent in sales taxes.

The Municipal Sales Tax accounted for the largest share of sales taxes paid by Lombard residents in August.

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 Lombard in August
Municipal Sales Tax [53.5%]Non-Home Rule Sales Tax [39.7%]Business District Tax [6.7%]Municipal Automobile Renting Tax [0.1%]

Sales Taxes Collected in Lombard in August
Type of TaxAmount Collected in Month% Change From Previous Month
Municipal Sales Tax$1,074,577-2.9
Non-Home Rule Sales Tax$798,088-6.6
Business District Tax$135,426-12.9
Municipal Automobile Renting Tax$2,21414.4

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS