This figure marks a significant decrease from the previous month, when Municipal Automobile Renting Tax collection stood at $735.
Taxpayers in Romeoville have paid $12,306 in Municipal Automobile Renting Tax in the last 12 months.
The Municipal Automobile Renting Tax in Illinois is a tax imposed on automobile rentals within certain municipalities. The specifics of this tax, including its rate, vary by location. Typically, it's calculated as a percentage of the rental price. Rental companies are responsible for collecting this tax from customers and remitting it to the municipality. The revenue generated from this tax is generally used to support local infrastructure, transportation projects, and other municipal services.
A 2025 WalletHub study found that Illinois has the highest overall taxes in the U.S., with rates more than 50% higher than the national average. The study estimates that a median household in Illinois pays an effective tax rate of 16.58%, or about $13,099 per year.
Month | Amount Collected | % Change from Previous Month |
---|---|---|
February 2025 | $701 | -4.6% |
January 2025 | $735 | -3.4% |
December 2024 | $761 | -26% |
November 2024 | $1,028 | -9.1% |
October 2024 | $1,131 | -20.1% |
September 2024 | $1,415 | -2.2% |
August 2024 | $1,447 | 6.9% |
July 2024 | $1,354 | 8.8% |
June 2024 | $1,244 | 17.2% |
May 2024 | $1,061 | 26.8% |
April 2024 | $837 | 41.4% |
March 2024 | $592 | -30.8% |