Quantcast

Kane County Reporter

Wednesday, November 27, 2024

Kane County residents pay $302,013 in County Sales Tax in August

Webp david harris 3

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Kane County taxpayers paid $302,013 in County Sales Tax in August, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $353,455.

Over the past 12 months, Kane County's residents have collectively paid a total of $3 million 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 Kane County Over Last 12 months
MonthAmount Collected% Change from Previous Month
August$302,013-14.6
July$353,4553
June$343,09336.4
May$251,50419
April$211,30241.5
March$149,306-4.9
February$156,939-33.2
January$235,030-9
December 2022$258,320-7.1
November 2022$278,0866.3
October 2022$261,6776.1
September 2022$246,531-0.9

MORE NEWS