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South Central Reporter

Monday, November 18, 2024

Bond County taxpayers give $15,962 in County Sales Tax in March

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Bond County taxpayers paid $15,962 in County Sales Tax in March, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $13,114.

Over the past 12 months, Bond County's residents have collectively paid a total of $217,062 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 Bond County Over Last 12 months
MonthAmount Collected% Change from Previous Month
March$15,96221.7
February$13,114-55.1
January$29,22727.3
December 2022$22,95110.8
November 2022$20,71415.5
October 2022$17,93421.8
September 2022$14,729-1.5
August 2022$14,959-18.9
July 2022$18,440-2.2
June 2022$18,84629.4
May 2022$14,559-6.8
April 2022$15,6278.9

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