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South West Illinois News

Thursday, October 31, 2024

Monroe County taxpayers give $59,124 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 $59,124 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 $58,898.

Over the past 12 months, Monroe County's residents have collectively paid a total of $651,028 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$59,1240.4
June$58,89819.8
May$49,149-4.3
April$51,34113.7
March$45,1572.6
February$44,032-39.4
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

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