Quantcast

Metro East Sun

Friday, November 22, 2024

Madison County taxpayers give $188,048 in County Sales Tax in May

Webp david harris 1

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Madison County taxpayers paid $188,048 in County Sales Tax in May, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where County Sales Tax collection stood at $193,756.

Over the past 12 months, Madison County's residents have collectively paid a total of $2.1 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 Madison County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$188,048-2.9
April$193,75629.3
March$149,863-4.7
February$157,173-22.8
January$203,67212.3
December 2022$181,30010.7
November 2022$163,709-5.7
October 2022$173,5865.7
September 2022$164,2993.7
August 2022$158,444-10.9
July 2022$177,910-2.8
June 2022$182,984-1.7

MORE NEWS