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Peoria Standard

Sunday, December 22, 2024

East Peoria residents paid 21st-largest sum in sales taxes in Illinois during September

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

East Peoria taxpayers paid the 21st largest sum in sales taxes per municipality in September, according to Illinois tax records.

In total, East Peoria residents paid $2.7 million in sales taxes during September.

East Peoria ranked 34th in the Prairie State the month before, with $2.1 million spent in sales taxes.

The Non-Home Rule Sales Tax accounted for the largest share of sales taxes paid by East Peoria residents in September.

In Illinois, the Non-Home Rule Sales Tax, levied by non-home rule local governments, targets the same general merchandise as the state sales tax. This tax can be set in 0.25% and up to 1% increments, and it's aimed at funding local services. Each non-home rule locality decides independently on whether to implement the tax and what rate to set, based on their specific needs.

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 East Peoria in September
Non-Home Rule Sales Tax [47%]Municipal Sales Tax [46.7%]Business District Tax [6.2%]Municipal Automobile Renting Tax [0.1%]

Sales Taxes Collected in East Peoria in September
Type of TaxAmount Collected in Month% Change From Previous Month
Non-Home Rule Sales Tax$1,265,50714.7
Municipal Sales Tax$1,256,19446.4
Business District Tax$166,15632.4
Municipal Automobile Renting Tax$2,447-18.3

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