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South Central Reporter

Tuesday, November 26, 2024

Bond County taxpayers give $15,141 in County Sales Tax in November 2023

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Bond County taxpayers paid $15,141 in County Sales Tax in November 2023, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $17,916.

Over the past 12 months, Bond County's residents have collectively paid a total of $235,332 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
November 2023$15,141-15.5
October 2023$17,9164.1
September 2023$17,2138.6
August 2023$15,847-27.5
July 2023$21,849-10
June 2023$24,28936.9
May 2023$17,742-26.3
April 2023$24,08150.9
March 2023$15,96221.7
February 2023$13,114-55.1
January 2023$29,22727.3
December 2022$22,95110.8

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