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Peoria Standard

Thursday, September 19, 2024

Peoria County responsible for 12th-highest sales tax revenue in Illinois during May

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Peoria County taxpayers paid the 12th largest sum in sales taxes in May, according to Illinois tax records.

In total, Peoria County residents paid $2.6 million in sales taxes during May.

Peoria County also ranked 12th in the Prairie State the month before, with $2.6 million spent in sales taxes.

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

As of 2021, Illinois was the highest taxed state in the US. A study from Wallet Hub found Illinois taxes were 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 Peoria County in May
County School Facility Tax [35.3%]Special County Retailers Occupation Tax [34.9%]Countywide Sales Tax [22.1%]County Sales Tax [7.6%]County Automobile Renting Tax [0.2%]

Sales Taxes Collected in Peoria County in May
Type of TaxAmount Collected in Month% Change From Previous Month
County School Facility Tax$921,465-2.3
Special County Retailers Occupation Tax$910,351-3
Countywide Sales Tax$577,032-1.9
County Sales Tax$197,78226.6
County Automobile Renting Tax$5,539-0.3

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