Quantcast

Prairie State Wire

Saturday, May 3, 2025

Illinois' Q4 2024 property tax revenue up 11.1% from previous quarter

Webp aig993nv5cbe6t6vi7cr6u40lz82

Seth Schriftman Deputy General Counsel for Income Tax Litigation | Official Website

Seth Schriftman Deputy General Counsel for Income Tax Litigation | Official Website

Illinois collected $20 million in property taxes during the fourth quarter of 2024, an 11.1% increase over the third quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2024 was $18 million.

Overall, Illinois collected $16.4 billion in combined tax revenues in the fourth quarter of 2024, a decrease from the $16.8 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 2024 Illinois Tax Collections
Type of TaxAmount (millions)
Property Taxes$20
Sales and Gross Receipts Taxes$7,319
Income Taxes$8,049
License Taxes$775
Other Taxes$198
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS