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Peoria Standard

Thursday, November 21, 2024

Peoria County residents pay $147,467 in County Sales Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Peoria County taxpayers paid $147,467 in County Sales Tax in July, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $198,259.

Over the past 12 months, Peoria County's residents have collectively paid a total of $1.9 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 Peoria County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$147,467-25.6
June$198,2590.2
May$197,78226.6
April$156,2569.7
March$142,418-1
February$143,866-16
January$171,23815.3
December 2023$148,467-11.5
November 2023$167,8235.7
October 2023$158,7318.2
September 2023$146,744-5.8
August 2023$155,7461.8

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