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Lake County Gazette

Saturday, November 23, 2024

Lake County collects $351,659 in County Sales Tax in February

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Lake County taxpayers paid $351,659 in County Sales Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $449,339.

Over the past 12 months, Lake County's residents have collectively paid a total of $5.7 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 Lake County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$351,659-21.7
January$449,3396.4
December 2022$422,277-12.8
November 2022$484,175-52.4
October 2022$1,018,130146.2
September 2022$413,559-11.5
August 2022$467,190-6.8
July 2022$501,3593.3
June 2022$485,29133.9
May 2022$362,410-9.3
April 2022$399,62721.1
March 2022$330,129-6.6

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