Quantcast

Sangamon Sun

Tuesday, November 5, 2024

Sangamon County collects $174,631 in County Sales Tax in February

Webp david harris 2

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Sangamon County taxpayers paid $174,631 in County Sales Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $241,519.

Over the past 12 months, Sangamon County's residents have collectively paid a total of $2.4 million 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 Sangamon County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$174,631-27.7
January$241,51910.5
December 2022$218,6581.2
November 2022$216,0564.6
October 2022$206,513-17.1
September 2022$249,22518.3
August 2022$210,625-0.4
July 2022$211,3769.1
June 2022$193,7150.6
May 2022$192,5591.3
April 2022$190,05839.8
March 2022$135,919-8.2

MORE NEWS