Quantcast

Kankakee Times

Monday, November 18, 2024

Iroquois County taxpayers give $34,956 in County Sales Tax in August

Webp cory staley 1

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Iroquois County taxpayers paid $34,956 in County Sales Tax in August, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where County Sales Tax collection stood at $33,883.

Over the past 12 months, Iroquois County's residents have collectively paid a total of $411,994 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
August$34,9563.2
July$33,88310.7
June$30,619-3.6
May$31,754-7
April$34,1261.8
March$33,523-33.2
February$50,18148
January$33,914-3
December 2023$34,95021.4
November 2023$28,793-8.7
October 2023$31,522-6.7
September 2023$33,77338.1

MORE NEWS