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Sunday, November 24, 2024

Fulton County responsible for 40th-highest sales tax revenue in Illinois during 2022

Webp cory staley 1

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Fulton County taxpayers paid the 40th largest sum in sales taxes in 2022, according to Illinois tax records.

In total, Fulton County residents paid $5.3 million in sales taxes during 2022.

Fulton County ranked 41st in the Prairie State the year before, with $4.8 million spent in sales taxes.

The County School Facility Tax accounted for the largest share of sales taxes paid by Fulton County residents in 2022.

Illinois is currently the highest taxed state in the US. A study from Wallet Hub found Illinois taxes are 39.83% higher than 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.

Composition of Sales Tax Revenue in Fulton County in 2022
County School Facility Tax [52.4%]Special County Retailers Occupation Tax [26.2%]Countywide Sales Tax [14.7%]County Sales Tax [6.7%]

Sales Taxes Collected in Fulton County in 2022

Type of TaxAmount Collected in Year% Change From Previous Year
County School Facility Tax$2,770,85310.5
Special County Retailers Occupation Tax$1,383,3199.7
Countywide Sales Tax$777,9328.3
County Sales Tax$352,01924.7

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