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Thursday, November 21, 2024

$63,159 in County Sales Tax collected in July for Vermilion County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Vermilion County taxpayers paid $63,159 in County Sales Tax in July, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $66,533.

Over the past 12 months, Vermilion County's residents have collectively paid a total of $803,491 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
July$63,159-5.1
June$66,53313.9
May$58,435-11.8
April$66,26325.7
March$52,709-19
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

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