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Thursday, November 21, 2024

Woodford County residents paid 21st-largest sum in sales taxes in Illinois during July

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Woodford County taxpayers paid the 21st largest sum in sales taxes in July, according to Illinois tax records.

In total, Woodford County residents paid $783,593 in sales taxes during July.

Woodford County ranked 23rd in the Prairie State the month before, with $820,700 spent in sales taxes.

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

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 July
County School Facility Tax [37.8%]Special County Retailers Occupation Tax [37.6%]Countywide Sales Tax [15.2%]County Sales Tax [9.4%]

Sales Taxes Collected in Woodford County in July
Type of TaxAmount Collected in Month% Change From Previous Month
County School Facility Tax$295,833-3.3
Special County Retailers Occupation Tax$294,389-3.3
Countywide Sales Tax$119,411-3.6
County Sales Tax$73,961-14.3

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