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Monday, November 25, 2024

Piatt County residents pay $12,876 in County Sales Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Piatt County taxpayers paid $12,876 in County Sales Tax in July, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $12,214.

Over the past 12 months, Piatt County's residents have collectively paid a total of $162,675 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 Piatt County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$12,8765.4
June$12,214-6.6
May$13,076-22.8
April$16,93245.7
March$11,62311
February$10,469-48.3
January$20,25459.2
December 2022$12,725-23.8
November 2022$16,70535.7
October 2022$12,3120.3
September 2022$12,2709.4
August 2022$11,219-13.4

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