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Monday, December 23, 2024

Reynolds residents pay $30,979 in Municipal Sales Tax in 2020

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Reynolds taxpayers paid $30,979 in Municipal Sales Tax in 2020, according to Illinois tax records.

This is an increase over the year before when $30,092 was collected.

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 Reynolds in recent years
YearAmount Collected% Change from Previous Year
2020$30,9792.9
2019$30,092-12.1

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