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Galesburg Reporter

Wednesday, November 13, 2024

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

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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 August, according to Illinois tax records.

In total, Knox County residents paid $904,462 in sales taxes during August.

Knox County ranked 18th in the Prairie State the month before, with $912,809 spent in sales taxes.

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

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 August
County School Facility Tax [53.8%]Special County Retailers Occupation Tax [26.8%]Countywide Sales Tax [15.5%]County Sales Tax [3.9%]

Sales Taxes Collected in Knox County in August
Type of TaxAmount Collected in Month% Change From Previous Month
County School Facility Tax$486,847-1.5
Special County Retailers Occupation Tax$242,184-1.5
Countywide Sales Tax$140,299-0.4
County Sales Tax$35,13311.3

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