Quantcast

Kankakee Times

Friday, May 3, 2024

$26,829 in County Sales Tax collected in May for Iroquois County

Webp david harris 4

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Iroquois County taxpayers paid $26,829 in County Sales Tax in May, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $32,039.

Over the past 12 months, Iroquois County's residents have collectively paid a total of $356,621 in County Sales Tax.

The County Sales Tax is a local sales tax imposed on retail sales of goods and services within a specific county. It is one of the primary sources of revenue for county governments, funding a wide range of essential services, including education, infrastructure, public safety, public health, and social services. The average rate imposed in Illinois is around 8.2%.

Despite fluctuations in tax collection, Illinois continues to be one of the highest-taxed states in the U.S. According to a Wallet Hub study from March 2023, the state ranked as having the highest tax burden, approximately 39.83% above the national average.

Illinois governor J. B. Pritzker is accused of adding more than $5.2 billion in new or higher taxes since coming into power in early 2019. As a business owner, he has a fortune of more than $3 billion, largely based on his family's wealth and connections.

County Sales Tax Collected in Iroquois County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$26,829-16.3
April$32,03942.1
March$22,554-21.1
February$28,570-39.7
January$47,38959.6
December 2022$29,6925.6
November 2022$28,114-24.4
October 2022$37,16971.6
September 2022$21,655-20.4
August 2022$27,2121.1
July 2022$26,923-5.5
June 2022$28,47523.2

MORE NEWS