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Galesburg Reporter

Thursday, November 21, 2024

Knox County residents pay $38,415 in County Sales Tax in June

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Knox County taxpayers paid $38,415 in County Sales Tax in June, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $34,165.

Over the past 12 months, Knox County's residents have collectively paid a total of $424,808 in County Sales Tax.

The County Sales Tax is a local sales tax imposed on retail sales of goods and services within a specific county. It is one of the primary sources of revenue for county governments, funding a wide range of essential services, including education, infrastructure, public safety, public health, and social services. The average rate imposed in Illinois is around 8.2%.

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.

County Sales Tax Collected in Knox County Over Last 12 months
MonthAmount Collected% Change from Previous Month
June$38,41512.4
May$34,16512.6
April$30,348-29.5
March$43,02325.7
February$34,222-9.2
January$37,689-10.8
December 2022$42,2352.9
November 2022$41,03110.8
October 2022$37,03917.4
September 2022$31,53846.1
August 2022$21,592-35.6
July 2022$33,511-7.9

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