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Rockford Sun

Thursday, May 2, 2024

Loves Park 84th highest taxed Illinois municipality in July

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Loves Park taxpayers paid the 84th highest amount in sales taxes in July, according to Illinois tax records.

Taxpayers in Loves Park paid $1 million in July.

Loves Park was ranked 80th the month 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 July
Type of TaxAmount Collected in Month% Change From Previous Month
Municipal Sales Tax$621,9121
Non-Home Rule Sales Tax$398,917-0.5
Business District Tax$18,6987.5

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