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South West Illinois News

Monday, November 18, 2024

Monroe County taxpayers give $54,546 in County Sales Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Monroe County taxpayers paid $54,546 in County Sales Tax in July, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where County Sales Tax collection stood at $52,522.

Over the past 12 months, Monroe County's residents have collectively paid a total of $599,856 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 Monroe County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$54,5463.9
June$52,5225.8
May$49,6333.5
April$47,95528.8
March$37,234-19
February$45,941-30.9
January$66,51148.5
December 2022$44,800-10
November 2022$49,775-6.3
October 2022$53,1069.8
September 2022$48,368-2.2
August 2022$49,465-4

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