Quantcast

Chambana Sun

Sunday, December 22, 2024

Vermilion County taxpayers give $762,990 in County Sales Tax in 2022

Webp cory staley 1

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Vermilion County taxpayers paid $762,990 in County Sales Tax in 2022, according to Illinois tax records.

This figure marks a significant increase from the previous year, where County Sales Tax collection stood at $675,165.

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 4 Years
YearAmount Collected% Change from Previous Year
2022$762,99013
2021$675,16569.1
2020$399,19710.7
2019$360,505-1.4

MORE NEWS