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Tuesday, November 26, 2024

Lee County taxpayers give $69,538 in County Sales Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Lee County taxpayers paid $69,538 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 $63,874.

Over the past 12 months, Lee County's residents have collectively paid a total of $703,076 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 Lee County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$69,5388.9
June$63,87417.4
May$54,393-12.8
April$62,36240.7
March$44,3371
February$43,880-23
January$57,010-2.3
December 2022$58,363-11.8
November 2022$66,1787
October 2022$61,8729.5
September 2022$56,511-12.7
August 2022$64,758-11.2

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