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Thursday, November 14, 2024

Boone County residents paid 25th-largest sum in sales taxes in Illinois during May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Boone County taxpayers paid the 25th largest sum in sales taxes in May, according to Illinois tax records.

In total, Boone County residents paid $738,743 in sales taxes during May.

Boone County ranked 26th in the Prairie State the month before, with $727,388 spent in sales taxes.

The County School Facility Tax accounted for the largest share of sales taxes paid by Boone County residents in May.

As of 2021, Illinois was the highest taxed state in the US. A study from Wallet Hub found Illinois taxes were 39.83% higher than 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.

Composition of Sales Tax Revenue in Boone County in May
County School Facility Tax [49%]Special County Retailers Occupation Tax [24.4%]Countywide Sales Tax [16.3%]County Sales Tax [10.3%]

Sales Taxes Collected in Boone County in May
Type of TaxAmount Collected in Month% Change From Previous Month
County School Facility Tax$362,1380.2
Special County Retailers Occupation Tax$180,3040.1
Countywide Sales Tax$120,1871.9
County Sales Tax$76,11511.8

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