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Friday, November 15, 2024

Champaign County residents pay $142,334 in County Sales Tax in May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Champaign County taxpayers paid $142,334 in County Sales Tax in May, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $129,238.

Over the past 12 months, Champaign County's residents have collectively paid a total of $1.7 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
May$142,33410.1
April$129,2388.3
March$119,318-2
February$121,800-22.5
January$157,148-1.5
December 2023$159,5154.5
November 2023$152,6071
October 2023$151,1211.4
September 2023$149,00317.3
August 2023$127,021-10.2
July 2023$141,511-12.2
June 2023$161,12424.8

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