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Saturday, November 23, 2024

Loves Park 86th-highest taxed Illinois municipality in 2021

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Loves Park taxpayers paid the 86th highest amount in sales taxes in 2021, according to Illinois tax records.

Taxpayers in Loves Park paid $10.4 million in 2021.

Loves Park was ranked 86th the year before.

Of all the taxes Loves Park residents paid for, Municipal Sales Tax was the most contributed to tax.

Illinois is the highest taxed state in the US.

A 2021 study from Wallet Hub found Illinois taxes are 38.95 percent 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.

Sales Taxes Collected in Loves Park in 2021
Type of TaxAmount Collected in Year% Change From Previous Year
Municipal Sales Tax$6,465,96623.7
Non-Home Rule Sales Tax$3,813,61229.2
Business District Tax$169,16123.5

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