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Sunday, April 28, 2024

$87,318 in Countywide Sales Tax collected in October for Montgomery County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Montgomery County taxpayers paid $87,318 in Countywide Sales Tax in October, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Countywide Sales Tax collection stood at $114,797.

Over the past 12 months, Montgomery County's residents have collectively paid a total of $1.1 million in Countywide Sales Tax.

The Countywide Sales Tax, a crucial revenue stream, is primarily allocated for county governments use.

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.

Countywide Sales Tax Collected in Montgomery County Over Last 12 months
MonthAmount Collected% Change from Previous Month
October$87,318-23.9
September$114,79715.7
August$99,217-3
July$102,2657.4
June$95,2057.4
May$88,607-5.4
April$93,67531.6
March$71,199-3.4
February$73,715-18.5
January$90,4585
December 2022$86,161-5.8
November 2022$91,4667.1

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