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Monday, May 20, 2024

South Beloit residents pay $142,930 in Municipal Sales Tax in July

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South Beloit taxpayers paid $142,930 in Municipal Sales Tax in July, according to Illinois tax records.

This is an increase over the month before when $126,971 was collected.

Taxpayers in South Beloit have paid $1.6 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 South Beloit in last 12 months
MonthAmount Collected% Change from Previous Month
July$142,93012.6
June$126,971-3.5
May$131,542-3
April$135,5708.1
March$125,403-11.2
February$141,2625.5
January$133,9098.7
December 2021$123,200-17.9
November 2021$150,10224.3
October 2021$120,7770.1
September 2021$120,650-5.1
August 2021$127,116-1.7

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