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Monday, December 23, 2024

Boone County taxpayers give $58,893 in County Sales Tax in March

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Boone County taxpayers paid $58,893 in County Sales Tax in March, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $65,019.

Over the past 12 months, Boone County's residents have collectively paid a total of $1.1 million 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 Boone County Over Last 12 months
MonthAmount Collected% Change from Previous Month
March$58,893-9.4
February$65,019-27.7
January$89,917-13
December 2022$103,404-18.6
November 2022$127,0237.6
October 2022$118,0538.1
September 2022$109,21424.9
August 2022$87,450-6.6
July 2022$93,60315.8
June 2022$80,8424.7
May 2022$77,2334.5
April 2022$73,92652.9

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