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Friday, May 17, 2024

Ford County collects $5,017 in County Sales Tax in February

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Ford County taxpayers paid $5,017 in County Sales Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $10,052.

Over the past 12 months, Ford County's residents have collectively paid a total of $84,983 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 Ford County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$5,017-50.1
January$10,0526.3
December 2023$9,45549.2
November 2023$6,336-15
October 2023$7,45524.4
September 2023$5,99117.5
August 2023$5,099-51.9
July 2023$10,59640.8
June 2023$7,5273.4
May 2023$7,27937.7
April 2023$5,2878.1
March 2023$4,889-44.6

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