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Peoria Standard

Monday, November 25, 2024

$14,881 in County Sales Tax collected in July for Marshall County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Marshall County taxpayers paid $14,881 in County Sales Tax in July, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $13,658.

Over the past 12 months, Marshall County's residents have collectively paid a total of $187,069 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 Marshall County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$14,8819
June$13,65832.7
May$10,29148.9
April$6,911-15.4
March$8,170-29.9
February$11,658-68
January$36,466195.8
December 2022$12,32669.5
November 2022$7,270-80.6
October 2022$37,498169
September 2022$13,939-0.4
August 2022$14,00113.3

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