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Peoria Standard

Friday, November 22, 2024

Analysis: Sales tax funded 21 percent of Village of Peoria Heights budget in 2016

Money 08

The Village of Peoria Heights' local sales tax brought in $1,180,960 in 2016, according to Illinois State Comptroller revenue data. Peoria Heights, population 6,020, relied on its local sales tax to contribute 21 percent of total revenue that year.

Peoria Heights levies a 1.5 percent sales tax. The average of three suburbs in Peoria County is 0.83. The high is 1.5 percent; the low is 0.5 percent.

Peoria Standard analyzed the sales tax collections in three Peoria County suburbs and found they generated a total of $1,585,158 in tax revenue in 2016. That was the equivalent of 12% spent by local government.

Below is a list of Peoria County municipalities' local tax revenue.

Municipality
Population
Local sales tax rate
2016 revenue from sales tax
Percent of total revenue
Village of Peoria Heights
6,020
1.5%
$1,180,960
21%
City of West Peoria
4,708
0.5%
$128,756
6%
Village of Bartonville
6,310
0.5%
$275,442
5%

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