Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
This figure marks a significant increase over the previous month, when Special County Retailers Occupation Tax collection stood at $336,925.
Over the past 12 months, Woodford County's residents have collectively paid a total of $3.7 million in Special County Retailers Occupation Tax.
The Special County Retailers Occupation Tax, a crucial revenue stream, is primarily allocated for county governments' use.
A 2025 WalletHub study found that Illinois has the highest overall taxes in the U.S., with rates more than 50% higher than the national average. The study estimates that a median household in Illinois pays an effective tax rate of 16.58%, or about $13,099 per year.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| July | $373,549 | 10.9% |
| June | $336,925 | 8.1% |
| May | $311,701 | -5.1% |
| April | $328,619 | 26% |
| March | $260,738 | -11.8% |
| February | $295,646 | -9.3% |
| January | $326,078 | 10% |
| December 2024 | $296,437 | 2.9% |
| November 2024 | $288,023 | -4.2% |
| October 2024 | $300,624 | 1.8% |
| September 2024 | $295,325 | 5.3% |
| August 2024 | $280,371 | -4.8% |
| July 2024 | $294,389 | - |
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