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Monday, May 12, 2025

Loves Park residents rank 85th in total sales taxes paid per muncipality in Illinois for March

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Loves Park taxpayers ranked 85th in total sales taxes paid per municipality in March, according to Illinois tax records.

In total, residents paid $993,080 in sales taxes during that month.

Loves Park ranked 86th in the Prairie State the month before, with $998,803 spent in sales taxes.

The largest share of sales taxes paid by Loves Park residents in March came from the Municipal Sales Tax.

In Illinois, municipal sales taxes, usually set at 1%, are added to the state sales tax of 5% and a county tax of 0.25%, resulting in a combined state tax rate of 6.25%. These taxes can vary locally and are used to address municipal needs such as infrastructure, public services, and community development. The revenue generated is destined to fund local government operations, public safety, education, and other community projects.

A 2025 WalletHub study found that Illinois has the highest overall taxes in the U.S., with rates more than 50% higher than the national average. The study estimates that a median household in Illinois pays an effective tax rate of 16.58%, or about $13,099 per year.

Composition of Sales Tax Revenue in Loves Park in March

Municipal Sales Tax [62.9%]Non-Home Rule Sales Tax [34.5%]Tax Revenue <5% [2.6%]

Sales Taxes Collected in Loves Park in March
Type of TaxTotal Amount Collected% Change From Previous Month
Municipal Sales Tax$625,0360.7%
Non-Home Rule Sales Tax$342,317-2.7%
Business District Tax$25,728-0.9%

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