Quantcast

Prairie State Wire

Wednesday, May 14, 2025

Higher property tax revenue in Illinois during Q2 2022

Webp fexbxm2qpsx2qu4w0vvxxy25cegw

David Harris Commissioner of Revenue at Illinois Department of Revenue | Illinois Department of Revenue

David Harris Commissioner of Revenue at Illinois Department of Revenue | Illinois Department of Revenue

Illinois collected $18 million in property taxes during the second quarter of 2022, a 12.5% increase over the first quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2022 was $16 million.

Overall, Illinois collected $20 billion in combined tax revenues in the the second quarter of 2022, an increase from the $15.2 billion collected in the previous quarter.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q2 2022 Illinois Tax Collections
Type of TaxAmount (millions)
Property Taxes$18
Sales and Gross Receipts Taxes$6,993
Income Taxes$11,800
License Taxes$1,020
Other Taxes$210
Source: U.S. Census Bureau

MORE NEWS