Loda taxpayers paid $23,791 in Municipal Sales Tax in 2020, according to Illinois tax records.
This is an increase over the year before when $22,552 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 Loda in recent years
| Year | Amount Collected | % Change from Previous Year |
|---|---|---|
| 2020 | $23,791 | 5.5 |
| 2019 | $22,552 | -35.9 |
