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Friday, December 20, 2024

Henry County collects $34,939 in County Sales Tax in February

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Henry County taxpayers paid $34,939 in County Sales Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $48,274.

Over the past 12 months, Henry County's residents have collectively paid a total of $488,216 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 Henry County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$34,939-27.6
January$48,27412
December 2022$43,086-3.6
November 2022$44,69011.1
October 2022$40,220-3.2
September 2022$41,551-6
August 2022$44,21010.4
July 2022$40,053-3
June 2022$41,2730.8
May 2022$40,9473.3
April 2022$39,62835
March 2022$29,345-14.8

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