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Saturday, November 23, 2024

Illinois' Q4 2022 property tax revenue unchanged from previous quarter

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

Overall, Illinois collected $14.7 billion in combined tax revenues in the the fourth quarter of 2022, a decrease from the $14.8 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.

Q4 2022 Illinois Tax Collections
Type of TaxAmount (millions)
Property Taxes$18
Sales and Gross Receipts Taxes$6,692
Income Taxes$7,056
License Taxes$786
Other Taxes$178
Source: U.S. Census Bureau

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