Director David Harris | Illinois Department of Revenue
Director David Harris | Illinois Department of Revenue
This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $16,499.
Over the past 12 months, Bond County's residents have collectively paid a total of $214,270 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.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| July | $17,438 | 5.7 |
| June | $16,499 | -11.2 |
| May | $18,573 | 13.3 |
| April | $16,390 | -2.1 |
| March | $16,734 | -3.1 |
| February | $17,273 | -30.4 |
| January | $24,816 | 21.5 |
| December 2023 | $20,430 | 34.9 |
| November 2023 | $15,141 | -15.5 |
| October 2023 | $17,916 | 4.1 |
| September 2023 | $17,213 | 8.6 |
| August 2023 | $15,847 | -27.5 |
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