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Monday, December 23, 2024

Madison County residents pay $178,197 in County Sales Tax in March

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Madison County taxpayers paid $178,197 in County Sales Tax in March, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $167,090.

Over the past 12 months, Madison County's residents have collectively paid a total of $2.4 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
March$178,1976.6
February$167,090-29.1
January$235,69422.8
December 2023$191,9635.8
November 2023$181,363-1
October 2023$183,229-11.1
September 2023$206,2226.1
August 2023$194,391-20.8
July 2023$245,35828.2
June 2023$191,3801.8
May 2023$188,048-2.9
April 2023$193,75629.3

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