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Peoria Standard

Wednesday, November 27, 2024

Woodford County responsible for 24th-highest sales tax revenue in Illinois during February

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Woodford County taxpayers paid the 24th largest sum in sales taxes in February, according to Illinois tax records.

In total, Woodford County residents paid $622,229 in sales taxes during February.

Woodford County ranked 25th in the Prairie State the month before, with $819,157 spent in sales taxes.

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

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 Woodford County in February
County School Facility Tax [36.5%]Special County Retailers Occupation Tax [36.3%]Countywide Sales Tax [16.7%]County Sales Tax [10.4%]

Sales Taxes Collected in Woodford County in February
Type of TaxAmount Collected in Month% Change From Previous Month
County School Facility Tax$227,045-23.2
Special County Retailers Occupation Tax$226,050-23.3
Countywide Sales Tax$104,184-20.1
County Sales Tax$64,950-34.1

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