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Saturday, November 23, 2024

Vermilion County collects $65,106 in County Sales Tax in February

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Vermilion County taxpayers paid $65,106 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 $89,065.

Over the past 12 months, Vermilion County's residents have collectively paid a total of $779,621 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 Vermilion County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$65,106-26.9
January$89,06512.4
December 2022$79,2247.4
November 2022$73,78911.7
October 2022$66,0424.9
September 2022$62,9644.6
August 2022$60,202-3.3
July 2022$62,23827.8
June 2022$48,703-25.1
May 2022$65,03625.3
April 2022$51,907-6.2
March 2022$55,345-6.6

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