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McHenry Times

Friday, November 22, 2024

McHenry County residents pay $201,517 in County Sales Tax in March

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

McHenry County taxpayers paid $201,517 in County Sales Tax in March, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $236,811.

Over the past 12 months, McHenry County's residents have collectively paid a total of $3.3 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 McHenry County Over Last 12 months
MonthAmount Collected% Change from Previous Month
March$201,517-14.9
February$236,811-29.1
January$333,8816.4
December 2022$313,6707.2
November 2022$292,593-7
October 2022$314,77920.1
September 2022$261,9961.3
August 2022$258,602-14.4
July 2022$302,1951.9
June 2022$296,48519.1
May 2022$248,981-1.8
April 2022$253,6051.4

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