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Thursday, November 21, 2024

Boone County taxpayers give $104,444 in County Sales Tax in August

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Boone County taxpayers paid $104,444 in County Sales Tax in August, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $91,711.

Over the past 12 months, Boone County's residents have collectively paid a total of $1.2 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 Boone County Over Last 12 months
MonthAmount Collected% Change from Previous Month
August$104,44413.9
July$91,711-31.2
June$133,39275.3
May$76,11511.8
April$68,056-9.5
March$75,1590.3
February$74,950-27.9
January$103,9375.5
December 2023$98,562-20.5
November 2023$123,958-1
October 2023$125,16628.4
September 2023$97,4698.4

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