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Will County Gazette

Monday, December 23, 2024

Shorewood ranks 73rd in total sales taxes paid in Illinois during March

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Shorewood taxpayers ranked 73rd in total sales taxes paid per municipality in March, according to Illinois tax records.

In total, Shorewood residents paid $988,730 in sales taxes during March.

Shorewood ranked 77th in the Prairie State the month before, with $975,152 spent in sales taxes.

The Municipal Home Rule Sales Tax accounted for the largest share of sales taxes paid by Shorewood residents in March.

In Illinois, the Municipal Home Rule Sales Tax applies to a broad range of general merchandise. It operates similar to the state sales tax, but excludes certain items like vehicles and specific foods, drugs, and medical appliances that require state agency titling or registration. While this tax can be set in small increments with no maximum limit, it's important to note that not all municipalities choose to implement it. The revenue generated is destined to local services and infrastructure needs.

As of 2021, Illinois was the highest taxed state in the US. A study from Wallet Hub found Illinois taxes were 39.83% 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.

Composition of Sales Tax Revenue in Shorewood in March
Municipal Home Rule Sales Tax [53.7%]Municipal Sales Tax [46.2%]Non-Home Rule Sales Tax [0%]

Sales Taxes Collected in Shorewood in March
Type of TaxAmount Collected in Month% Change From Previous Month
Municipal Home Rule Sales Tax$531,3961.6
Municipal Sales Tax$457,2331.2
Non-Home Rule Sales Tax$101-

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