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Monday, November 4, 2024

Madison County collects $871,038 in Countywide Sales Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Madison County taxpayers paid $871,038 in Countywide Sales Tax in July, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Countywide Sales Tax collection stood at $971,633.

Over the past 12 months, Madison County's residents have collectively paid a total of $11.2 million in Countywide Sales Tax.

The Countywide Sales Tax, a crucial revenue stream, is primarily allocated for county governments use.

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.

Countywide Sales Tax Collected in Madison County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$871,038-10.4
June$971,633-0.6
May$977,984-2.7
April$1,004,62017.9
March$852,420-2.2
February$871,371-16.3
January$1,041,23012.5
December 2023$925,7712.2
November 2023$906,253-2.4
October 2023$928,535-1.8
September 2023$945,4511.4
August 2023$932,652-9.1

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