Quantcast

Peoria Standard

Saturday, April 27, 2024

Peoria County residents pay $1.8 million in County Sales Tax in 2022

Webp david harris 1

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Peoria County taxpayers paid $1.8 million in County Sales Tax in 2022, according to Illinois tax records.

This figure marks a significant decrease from the previous year, where County Sales Tax collection stood at $2 million.

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 Peoria County Over Last 4 Years
YearAmount Collected% Change from Previous Year
2022$1,761,301-11.3
2021$1,985,33062.1
2020$1,224,84618.3
2019$1,035,188-22.9

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS