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Peoria Standard

Wednesday, November 13, 2024

$76,747 in County Sales Tax collected in August for Woodford County

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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 $76,747 in County Sales Tax in August, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where County Sales Tax collection stood at $73,961.

Over the past 12 months, Woodford County's residents have collectively paid a total of $988,663 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
August$76,7473.8
July$73,961-14.3
June$86,30517.6
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

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