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Sunday, November 24, 2024

Wayne County collects $52,440 in County Sales Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Wayne County taxpayers paid $52,440 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 $40,902.

Over the past 12 months, Wayne County's residents have collectively paid a total of $644,184 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 Wayne County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$52,44028.2
June$40,902-13.8
May$47,470-9.3
April$52,35016.6
March$44,9118.3
February$41,469-31.1
January$60,224-9.3
December 2023$66,3943.9
November 2023$63,879-3.9
October 2023$66,48328.7
September 2023$51,652-7.8
August 2023$56,01016.8

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