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Galesburg Reporter

Friday, November 29, 2024

Knox County responsible for 19th-highest sales tax revenue in Illinois during January

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Knox County taxpayers paid the 19th largest sum in sales taxes in January, according to Illinois tax records.

In total, Knox County residents paid $1 million in sales taxes during January.

Knox County also ranked 19th in the Prairie State the month before, with $901,121 spent in sales taxes.

The County School Facility Tax accounted for the largest share of sales taxes paid by Knox County residents in January.

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.

Composition of Sales Tax Revenue in Knox County in January
County School Facility Tax [53.7%]Special County Retailers Occupation Tax [26.7%]Countywide Sales Tax [15.5%]County Sales Tax [4%]

Sales Taxes Collected in Knox County in January
Type of TaxAmount Collected in Month% Change From Previous Month
County School Facility Tax$544,22813.2
Special County Retailers Occupation Tax$270,67613.2
Countywide Sales Tax$157,03611.9
County Sales Tax$40,707-0.6

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