Knox County taxpayers paid $275,857 in Special County Retailers Occupation Tax in January, according to Illinois tax records.
This figure marks a significant increase from the previous month, where Special County Retailers Occupation Tax collection stood at $247,623.
Over the past 12 months, Knox County’s residents have collectively paid a total of $3 million in Special County Retailers Occupation Tax.
The Special County Retailers Occupation Tax, a crucial revenue stream, is primarily allocated for county governments use.
Despite fluctuations in tax collection, Illinois continues to be one of the highest-taxed states in the U.S. According to a Wallet Hub study from March 2023, the state ranked as having the highest tax burden, approximately 39.83% above 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.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| January | $275,857 | 11.4 |
| December 2024 | $247,623 | -8.6 |
| November 2024 | $270,818 | 8.3 |
| October 2024 | $250,139 | 0.3 |
| September 2024 | $249,320 | 2.9 |
| August 2024 | $242,184 | -1.5 |
| July 2024 | $245,971 | -5 |
| June 2024 | $259,024 | 11.9 |
| May 2024 | $231,447 | -6.6 |
| April 2024 | $247,851 | 16.8 |
| March 2024 | $212,113 | -15.9 |
| February 2024 | $252,178 | -6.8 |
