Quantcast

Kane County Reporter

Thursday, May 2, 2024

Kane County responsible for 6th-highest sales tax revenue in Illinois during July

Webp david harris 4

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Kane County taxpayers paid the sixth largest sum in sales taxes in July, according to Illinois tax records.

In total, Kane County residents paid $5.1 million in sales taxes during July.

Kane County also ranked sixth in the Prairie State the month before, with $5.1 million spent in sales taxes.

The County Share of RTA Sales Tax accounted for the largest share of sales taxes paid by Kane County residents in July.

Illinois is currently the highest taxed state in the US. A study from Wallet Hub found Illinois taxes are 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 Kane County in July
County Share of RTA Sales Tax [40.7%]Countywide Sales Tax [36.5%]County Motor Fuel Tax [15.9%]County Sales Tax [6.9%]

Sales Taxes Collected in Kane County in July
Type of TaxAmount Collected in Month% Change From Previous Month
County Share of RTA Sales Tax$2,086,632-3.2
Countywide Sales Tax$1,868,4375
County Motor Fuel Tax$813,124-2.5
County Sales Tax$353,4553

MORE NEWS