Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a noticeable decrease from the previous month, when Special County Retailers Occupation Tax collection stood at $993,655.
Over the past 12 months, McHenry County's residents have collectively paid a total of $10.5 million in Special County Retailers Occupation Tax.
The Special County Retailers Occupation Tax, a crucial revenue stream, is primarily allocated for county governments' use.
A 2025 WalletHub study found that Illinois has the highest overall taxes in the U.S., with rates more than 50% higher than the national average. The study estimates that a median household in Illinois pays an effective tax rate of 16.58%, or about $13,099 per year.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| August | $978,651 | -1.5% |
| July | $993,655 | 1.8% |
| June | $976,326 | 7.7% |
| May | $906,481 | 1.5% |
| April | $893,265 | 23.1% |
| March | $725,612 | -8.8% |
| February | $795,484 | -19% |
| January | $981,986 | 19.1% |
| December 2024 | $824,673 | -0.4% |
| November 2024 | $828,232 | 3.5% |
| October 2024 | $800,250 | -0.8% |
| September 2024 | $807,082 | 0.2% |
| August 2024 | $805,188 | - |
ORGANIZATIONS IN THIS STORY
!RECEIVE ALERTS
DONATE
Alerts Sign-up