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Peoria Standard

Thursday, November 21, 2024

$73,389 in County Sales Tax collected in May 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 $73,389 in County Sales Tax in May, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $78,853.

Over the past 12 months, Woodford County's residents have collectively paid a total of $1 million in County Sales Tax.

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 12 months
MonthAmount Collected% Change from Previous Month
May$73,389-6.9
April$78,853-6.1
March$84,00210.1
February$76,293-17.9
January$92,968-7.9
December 2023$100,92319
November 2023$84,8069.3
October 2023$77,605-6.3
September 2023$82,811-5.1
August 2023$87,2700.2
July 2023$87,0976.9
June 2023$81,4852.1

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