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Thursday, November 21, 2024

Ford County collects $8,613 in County Sales Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Ford County taxpayers paid $8,613 in County Sales Tax in July, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $7,071.

Over the past 12 months, Ford County's residents have collectively paid a total of $84,736 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 Ford County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$8,61321.8
June$7,071-2.2
May$7,228-0.5
April$7,26340.9
March$5,1562.8
February$5,017-50.1
January$10,0526.3
December 2023$9,45549.2
November 2023$6,336-15
October 2023$7,45524.4
September 2023$5,99117.5
August 2023$5,099-51.9

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