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Friday, November 22, 2024

Cherry Valley residents pay $281,776 in Municipal Sales Tax in May

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Cherry Valley taxpayers paid $281,776 in Municipal Sales Tax in May, according to Illinois tax records.

This is a decrease from the month before when $290,586 was collected.

Taxpayers in Cherry Valley have paid $3.4 million in Municipal Sales Tax in the last 12 months.

The Municipal Sales 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 Sales Tax collected in Cherry Valley in last 12 months
MonthAmount Collected% Change from Previous Month
May$281,776-3
April$290,58623.8
March$234,67311.4
February$210,570-35.4
January$325,99615.4
December 2021$282,4294.3
November 2021$270,669-0.5
October 2021$272,004-7.8
September 2021$294,990-0.3
August 2021$295,755-5.6
July 2021$313,171-0.7
June 2021$315,4754.2

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