Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $31,579.
Over the past 12 months, Knox County's residents have collectively paid a total of $446,821 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.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| August | $35,133 | 11.3 |
| July | $31,579 | -4.3 |
| June | $32,982 | 0.5 |
| May | $32,815 | 2.5 |
| April | $32,026 | -25.5 |
| March | $43,004 | 4.7 |
| February | $41,063 | 0.9 |
| January | $40,707 | -0.6 |
| December 2023 | $40,954 | 12.2 |
| November 2023 | $36,510 | -5.7 |
| October 2023 | $38,712 | -6.3 |
| September 2023 | $41,336 | 21.9 |
ORGANIZATIONS IN THIS STORY
!RECEIVE ALERTS
DONATE
Alerts Sign-up