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Peoria Standard

Tuesday, December 24, 2024

$904,132 in County Sales Tax collected in 2022 for Woodford County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Woodford County taxpayers paid $904,132 in County Sales Tax in 2022, according to Illinois tax records.

This figure marks a significant increase from the previous year, where County Sales Tax collection stood at $715,014.

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 Woodford County Over Last 4 Years
YearAmount Collected% Change from Previous Year
2022$904,13226.4
2021$715,01488.7
2020$378,87813.6
2019$333,612-9.1

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