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Saturday, November 23, 2024

$61,790 in County Sales Tax collected in July for Stephenson County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Stephenson County taxpayers paid $61,790 in County Sales Tax in July, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $67,514.

Over the past 12 months, Stephenson County's residents have collectively paid a total of $774,136 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 Stephenson County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$61,790-8.5
June$67,51414.6
May$58,888-10.5
April$65,779-9.2
March$72,47232.6
February$54,672-32.1
January$80,5362.6
December 2022$78,45812.2
November 2022$69,9477.4
October 2022$65,10330.6
September 2022$49,8451.5
August 2022$49,132-29.5

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