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This is a decrease of 7.4% from the month before, when $25,485 was collected.
Taxpayers in Peotone have paid $296,997 in Business District Tax in the last 12 months.
The Business District Tax is an additional levy within certain business districts, aimed at funding improvements and services in those areas. The rate of this tax and how it's utilized can vary significantly based on the specific needs of each district. It's common for this tax to be adjusted periodically to reflect changing requirements for district development and maintenance.
According to a 2024 study from WalletHub, Illinois has the highest overall taxes in the U.S., with rates more than 50% higher than the national average.
Business District Tax Collected in Peotone Over Last 12 Months
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| December 2024 | $23,611 | -7.4% |
| November 2024 | $25,485 | 5.4% |
| October 2024 | $24,169 | -7.8% |
| September 2024 | $26,208 | -0.4% |
| August 2024 | $26,318 | 7.4% |
| July 2024 | $24,508 | -7.5% |
| June 2024 | $26,481 | 5.1% |
| May 2024 | $25,198 | -3.9% |
| April 2024 | $26,230 | 15.8% |
| March 2024 | $22,652 | 6% |
| February 2024 | $21,372 | -13.7% |
| January 2024 | $24,765 | 3.2% |
