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Rockford Sun

Tuesday, November 5, 2024

Cherry Valley collects $15,521 in Municipal Automobile Renting Tax in 2021

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Cherry Valley taxpayers paid $15,521 in Municipal Automobile Renting Tax in 2021, according to Illinois tax records.

This is a decrease from the year before when $17,542 was collected.

The Municipal Automobile Renting Tax is collected for municipal governments' use.

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.

Municipal Automobile Renting Tax collected in Cherry Valley in recent years
YearAmount Collected% Change from Previous Year
2021$15,521-11.5
2020$17,54235.2
2019$12,9765.6

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