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Friday, November 22, 2024

Montgomery County residents paid 40th-largest sum in sales taxes in Illinois during July

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Montgomery County taxpayers paid the 40th largest sum in sales taxes in July, according to Illinois tax records.

In total, Montgomery County residents paid $482,032 in sales taxes during July.

Montgomery County ranked 43rd in the Prairie State the month before, with $440,682 spent in sales taxes.

The County School Facility Tax accounted for the largest share of sales taxes paid by Montgomery 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 Montgomery County in July
County School Facility Tax [70.9%]Countywide Sales Tax [21.2%]County Sales Tax [7.9%]

Sales Taxes Collected in Montgomery County in July
Type of TaxAmount Collected in Month% Change From Previous Month
County School Facility Tax$341,6678.7
Countywide Sales Tax$102,2657.4
County Sales Tax$38,10022.4

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