Quantcast

Metro East Sun

Thursday, November 21, 2024

$200,240 in County Sales Tax collected in August for Madison County

Webp david harris 4

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Madison County taxpayers paid $200,240 in County Sales Tax in August, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where County Sales Tax collection stood at $202,082.

Over the past 12 months, Madison County's residents have collectively paid a total of $2.3 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
August$200,240-0.9
July$202,0821
June$200,0245.6
May$189,481-1.6
April$192,6228.1
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

MORE NEWS