Quantcast

Chambana Sun

Saturday, November 23, 2024

Vermilion County collects $61,992 in County Sales Tax in May

Webp david harris 4

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Vermilion County taxpayers paid $61,992 in County Sales Tax in May, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $65,637.

Over the past 12 months, Vermilion County's residents have collectively paid a total of $811,558 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
May$61,992-5.6
April$65,6377.9
March$60,8373.8
February$58,607-29.9
January$83,5582.8
December 2023$81,2492.3
November 2023$79,43719.8
October 2023$66,2986.1
September 2023$62,4871.2
August 2023$61,764-2.2
July 2023$63,159-5.1
June 2023$66,53313.9

MORE NEWS