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Sunday, November 24, 2024

Winnebago County taxpayers give $207,323 in County Sales Tax in July

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Winnebago County taxpayers paid $207,323 in County Sales Tax in July, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $190,999.

Over the past 12 months, Winnebago County's residents have collectively paid a total of $2 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 Winnebago County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$207,3238.5
June$190,99915.5
May$165,33311.2
April$148,74134.8
March$110,323-3
February$113,776-43.5
January$201,2983.5
December 2022$194,484-6.1
November 2022$207,01018.8
October 2022$174,2875.4
September 2022$165,3806.7
August 2022$155,056-16.9

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