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Sunday, November 24, 2024

$321,322 in County School Facility Tax collected in January 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 $321,322 in County School Facility Tax in January, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County School Facility Tax collection stood at $290,085.

Over the past 12 months, Montgomery County's residents have collectively paid a total of $3.5 million in County School Facility Tax.

The County School Facility Tax is a local sales tax that funds school construction and repairs. The tax is typically imposed at a rate up to 1%. It was authorized in Illinois in 2007 and, since then, has been adopted by over 60 counties. The tax has gained popularity since it's supposed to provide funding for schools without increasing property taxes.

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 School Facility Tax Collected in Montgomery County Over Last 12 months
MonthAmount Collected% Change from Previous Month
January$321,32210.8
December 2023$290,085-1.3
November 2023$294,0180.6
October 2023$292,2051
September 2023$289,321-5.3
August 2023$305,585-10.6
July 2023$341,6678.7
June 2023$314,3437
May 2023$293,7712
April 2023$288,00321.2
March 2023$237,664-2.8
February 2023$244,585-22.6

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