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Channahon collects approximately $2.2 million in Municipal Home Rule Sales Tax in 2023

 
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Channahon collects approximately $2.2 million in Municipal Home Rule Sales Tax in 2023
Director David Harris | Illinois Department of Revenue

Channahon taxpayers paid approximately $2.2 million in Municipal Home Rule Sales Tax in 2023, according to Illinois tax records.

This figure marks a significant decrease from the previous year, when Municipal Home Rule Sales Tax collection stood just over $2.5 million.

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.

As of 2021, Illinois was the highest taxed state in the US. A study from Wallet Hub found Illinois taxes were 39.83% 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 Home Rule Sales Tax Collected in Channahon Over Last 6 Years
YearAmount Collected% Change from Previous Year
2023$2,179,430-13.3%
2022$2,514,08428.4%
2021$1,958,75280.6%
2020$1,084,85934.3%
2019$807,662-11.4%
2018$911,974-