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McHenry Times

Thursday, November 21, 2024

McHenry County residents pay $300,490 in County Sales Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

McHenry County taxpayers paid $300,490 in County Sales Tax in July, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $275,614.

Over the past 12 months, McHenry County's residents have collectively paid a total of $3.5 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
July$300,4909
June$275,6147.8
May$255,757-9.4
April$282,17910.9
March$254,4412.6
February$248,092-30.2
January$355,58521.2
December 2023$293,444-2.3
November 2023$300,425-10
October 2023$333,9495.8
September 2023$315,6749
August 2023$289,660-6.6

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