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Friday, May 3, 2024

Macoupin County residents pay $49,960 in County Sales Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Macoupin County taxpayers paid $49,960 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 $54,109.

Over the past 12 months, Macoupin County's residents have collectively paid a total of $653,556 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 Macoupin County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$49,960-7.7
June$54,10915.7
May$46,785-6
April$49,76611.3
March$44,721-14.9
February$52,529-28.7
January$73,66814.7
December 2022$64,2472.7
November 2022$62,54416
October 2022$53,923-3
September 2022$55,57821.5
August 2022$45,726-21.3

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