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Monday, November 25, 2024

Champaign County collects $127,021 in County Sales Tax in August

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Champaign County taxpayers paid $127,021 in County Sales Tax in August, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $141,511.

Over the past 12 months, Champaign County's residents have collectively paid a total of $1.6 million 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 Champaign County Over Last 12 months
MonthAmount Collected% Change from Previous Month
August$127,021-10.2
July$141,511-12.2
June$161,12424.8
May$129,056-1.2
April$130,56132.6
March$98,446-19.2
February$121,871-20.8
January$153,8461.2
December 2022$152,052-8.8
November 2022$166,74422.4
October 2022$136,1939.2
September 2022$124,6754

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