Quantcast

Chambana Sun

Saturday, November 23, 2024

Ford County taxpayers give $8,820 in County Sales Tax in February

Webp david harris 1

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Ford County taxpayers paid $8,820 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 $11,051.

Over the past 12 months, Ford County's residents have collectively paid a total of $92,742 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$8,820-20.2
January$11,05136.3
December 2022$8,11023.6
November 2022$6,559-52.6
October 2022$13,850185.7
September 2022$4,847-22.3
August 2022$6,2381
July 2022$6,17639.8
June 2022$4,417-59.5
May 2022$10,90039.6
April 2022$7,80696.7
March 2022$3,968-23.2

MORE NEWS