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Peoria Standard

Sunday, November 24, 2024

Peoria County taxpayers give $66,040 in County Automobile Renting Tax in 2022

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Peoria County taxpayers paid $66,040 in County Automobile Renting Tax in 2022, according to Illinois tax records.

This figure marks a significant increase from the previous year, where County Automobile Renting Tax collection stood at $46,911.

The County Automobile Renting Tax, a crucial revenue stream, is primarily allocated for county governments use.

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 Automobile Renting Tax Collected in Peoria County Over Last 4 Years
YearAmount Collected% Change from Previous Year
2022$66,04040.8
2021$46,9119.1
2020$42,998-39.8
2019$71,390-8.1

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