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This is an increase of 12.7% over the month before, when $657,220 was collected.
Taxpayers in Bradley have paid $8.2 million in Municipal Sales Tax in the last 12 months.
In Illinois, Municipal Sales Taxes, typically set at 1%, are combined with the state sales tax of 5% and a county tax of 0.25%, resulting in a total state tax rate of 6.25%. These taxes vary at local level and are aimed at diverse municipal needs, like infrastructure and public services. The revenue generated from these taxes is destined to fund local government operations, public safety, education, and community development projects.
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 | $740,772 | 12.7% |
| October 2024 | $657,220 | -4.3% |
| September 2024 | $686,843 | 4% |
| August 2024 | $660,571 | -3.9% |
| July 2024 | $687,268 | -2.6% |
| June 2024 | $705,524 | 2.3% |
| May 2024 | $689,762 | -1.8% |
| April 2024 | $702,496 | 17.2% |
| March 2024 | $599,371 | 1.1% |
| February 2024 | $592,622 | -22.9% |
| January 2024 | $769,002 | 13.4% |
| December 2023 | $678,319 | 7% |
