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Wednesday, May 14, 2025

Illinois sees no change in property tax revenue in Q3 2022

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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 third quarter of 2022, unchanged from the second quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Illinois collected $14.8 billion in combined tax revenues in the the third quarter of 2022, a decrease from the $20 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.

Q3 2022 Illinois Tax Collections
Type of TaxAmount (millions)
Property Taxes$18
Sales and Gross Receipts Taxes$6,880
Income Taxes$6,816
License Taxes$917
Other Taxes$156
Source: U.S. Census Bureau

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