Channahon collects $224,467 in Municipal Home Rule Sales Tax in October 2024

Channahon taxpayers paid $224,467 in Municipal Home Rule Sales Tax in October 2024, according to Illinois tax records.

This is an increase of 5.8% over the month before, when $212,217 was collected.

Taxpayers in Channahon have paid $2.5 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.