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Saturday, November 23, 2024

Gallatin County collects $8,492 in County Sales Tax in January

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Gallatin County taxpayers paid $8,492 in County Sales Tax in January, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $7,378.

Over the past 12 months, Gallatin County's residents have collectively paid a total of $85,022 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 Gallatin County Over Last 12 months
MonthAmount Collected% Change from Previous Month
January$8,49215.1
December 2022$7,378-4.7
November 2022$7,742-24.3
October 2022$10,23188.1
September 2022$5,439-4.7
August 2022$5,705-34.6
July 2022$8,72022.3
June 2022$7,12825
May 2022$5,701-22.6
April 2022$7,36758.6
March 2022$4,645-28.3
February 2022$6,474-6.9

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