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Sunday, November 24, 2024

Wabash County collects $12,534 in County Sales Tax in August

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Wabash County taxpayers paid $12,534 in County Sales Tax in August, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $10,530.

Over the past 12 months, Wabash County's residents have collectively paid a total of $118,469 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 Wabash County Over Last 12 months
MonthAmount Collected% Change from Previous Month
August$12,53419
July$10,53015.7
June$9,10145.2
May$6,266-22.4
April$8,07114.2
March$7,068-14
February$8,222-32.2
January$12,1335.3
December 2022$11,5219.1
November 2022$10,560-23.8
October 2022$13,86461.2
September 2022$8,599-25.7

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