Quantcast

Peoria Standard

Monday, November 4, 2024

Woodford County responsible for 23rd-highest sales tax revenue in Illinois during June

Webp david harris 1

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Woodford County taxpayers paid the 23rd largest sum in sales taxes in June, according to Illinois tax records.

In total, Woodford County residents paid $820,700 in sales taxes during June.

Woodford County ranked 22nd in the Prairie State the month before, with $757,972 spent in sales taxes.

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

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 Woodford County in June
County School Facility Tax [37.3%]Special County Retailers Occupation Tax [37.1%]Countywide Sales Tax [15.1%]County Sales Tax [10.5%]

Sales Taxes Collected in Woodford County in June
Type of TaxAmount Collected in Month% Change From Previous Month
County School Facility Tax$305,9948.3
Special County Retailers Occupation Tax$304,5358.3
Countywide Sales Tax$123,8662.5
County Sales Tax$86,30517.6

MORE NEWS