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Saturday, November 23, 2024

Hamilton County residents pay $14,716 in County Sales Tax in May

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Hamilton County taxpayers paid $14,716 in County Sales Tax in May, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where County Sales Tax collection stood at $14,159.

Over the past 12 months, Hamilton County's residents have collectively paid a total of $188,912 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 Hamilton County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$14,7163.9
April$14,1597.4
March$13,182-16.6
February$15,805-25.6
January$21,23842.1
December 2023$14,946-4.5
November 2023$15,645-14.7
October 2023$18,35040.5
September 2023$13,062-19.9
August 2023$16,307-1.3
July 2023$16,51610.2
June 2023$14,98613.4

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