This is an increase of 6.4% over the month before, when $1.5 million was collected.
Taxpayers in Romeoville have paid $18.7 million in Municipal Home Rule Sales Tax in the last 12 months.
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.
According to a 2024 study from WalletHub, Illinois has the highest overall taxes in the U.S., with rates more than 50% higher than the national average.
Month | Amount Collected | % Change from Previous Month |
---|---|---|
November 2024 | $1,623,240 | 6.4% |
October 2024 | $1,526,080 | -14% |
September 2024 | $1,775,000 | 23.8% |
August 2024 | $1,434,220 | -10.8% |
July 2024 | $1,608,130 | -5.1% |
June 2024 | $1,694,300 | 23.5% |
May 2024 | $1,371,930 | -16.3% |
April 2024 | $1,638,280 | 31.8% |
March 2024 | $1,243,450 | -5.9% |
February 2024 | $1,321,550 | -22.4% |
January 2024 | $1,703,240 | -3.7% |
December 2023 | $1,769,330 | 23% |