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Sunday, May 19, 2024

Vermilion County responsible for 45th-highest sales tax revenue in Illinois during May

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Vermilion County taxpayers paid the 45th largest sum in sales taxes in May, according to Illinois tax records.

In total, Vermilion County residents paid $391,959 in sales taxes during May.

Vermilion County ranked 41st in the Prairie State the month before, with $427,568 spent in sales taxes.

The Countywide Sales Tax accounted for the largest share of sales taxes paid by Vermilion County residents in May.

Illinois is currently the highest taxed state in the US. A study from Wallet Hub found Illinois taxes are 39.83% higher than 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.

Composition of Sales Tax Revenue in Vermilion County in May
Countywide Sales Tax [45.5%]Special County Retailers Occupation Tax [39.6%]County Sales Tax [14.9%]

Sales Taxes Collected in Vermilion County in May
Type of TaxAmount Collected in Month% Change From Previous Month
Countywide Sales Tax$178,475-9.4
Special County Retailers Occupation Tax$155,049-5.6
County Sales Tax$58,435-11.8

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