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Sunday, December 22, 2024

Madison residents pay $41,971 in Municipal Sales Tax in May

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Madison taxpayers paid $41,971 in Municipal Sales Tax in May, according to Illinois tax records.

This is a decrease from the month before when $45,397 was collected.

Taxpayers in Madison have paid $513,395 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 Madison in last 12 months
MonthAmount Collected% Change from Previous Month
May$41,971-7.5
April$45,39743.3
March$31,679-9.4
February$34,976-13
January$40,188-6.4
December 2021$42,9469.1
November 2021$39,358-26.1
October 2021$53,2486.2
September 2021$50,13121.6
August 2021$41,242-20.1
July 2021$51,60226.9
June 2021$40,657-1.6

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