Quantcast

Kankakee Times

Friday, November 22, 2024

Iroquois County residents rank 71st in total sales taxes paid in Illinois for May

Webp david harris 2

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Iroquois County taxpayers ranked 71st in total sales taxes paid per county in May, according to Illinois tax records.

In total, Iroquois County residents paid $137,358 in sales taxes during May.

Iroquois County ranked 72nd in the Prairie State the month before, with $145,461 spent in sales taxes.

The Countywide Sales Tax accounted for the largest share of sales taxes paid by Iroquois County residents in May.

Illinois is currently the highest taxed state in the US. A study from Wallet Hub found Illinois taxes are 39.83% higher than 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.

Composition of Sales Tax Revenue in Iroquois County in May
Countywide Sales Tax [44%]Special County Retailers Occupation Tax [36.4%]County Sales Tax [19.5%]

Sales Taxes Collected in Iroquois County in May
Type of TaxAmount Collected in Month% Change From Previous Month
Countywide Sales Tax$60,465-3.9
Special County Retailers Occupation Tax$50,065-0.9
County Sales Tax$26,829-16.3

MORE NEWS