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South West Illinois News

Thursday, November 28, 2024

$72,603 in County Sales Tax collected in January for Monroe County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Monroe County taxpayers paid $72,603 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 $50,256.

Over the past 12 months, Monroe County's residents have collectively paid a total of $631,158 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
January$72,60344.5
December 2023$50,256-9.6
November 2023$55,620-14.8
October 2023$65,27126.2
September 2023$51,7098
August 2023$47,868-12.2
July 2023$54,5463.9
June 2023$52,5225.8
May 2023$49,6333.5
April 2023$47,95528.8
March 2023$37,234-19
February 2023$45,941-30.9

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