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Thursday, November 7, 2024

Olmsted residents pay $2,297 in Municipal Sales Tax in July

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Olmsted taxpayers paid $2,297 in Municipal Sales Tax in July, according to Illinois tax records.

This is an increase over the month before when $875 was collected.

Taxpayers in Olmsted have paid $17,543 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 Olmsted in last 12 months
MonthAmount Collected% Change from Previous Month
July$2,297162.5
June$875-42.4
May$1,5199.8
April$1,38461.9
March$855-15.3
February$1,009-56.7
January$2,33288.8
December 2021$1,235-16.3
November 2021$1,47518.5
October 2021$1,245-34.2
September 2021$1,89132.6
August 2021$1,426-28.8

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