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Will County Gazette

Tuesday, November 26, 2024

Frankfort collects $622,565 in Municipal Sales Tax in July

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Frankfort taxpayers paid $622,565 in Municipal Sales Tax in July, according to Illinois tax records.

This is a decrease from the month before when $634,419 was collected.

Taxpayers in Frankfort have paid $7 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 Frankfort in last 12 months
MonthAmount Collected% Change from Previous Month
July$622,565-1.9
June$634,41911.1
May$571,1671.7
April$561,80315.4
March$486,753-8.5
February$531,747-21.5
January$677,33810.7
December 2021$611,6842.7
November 2021$595,772-1.7
October 2021$605,88810.3
September 2021$549,527-4.2
August 2021$573,834-8.7

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