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Thursday, November 21, 2024

Mercer County collects $23,277 in County Sales Tax in June

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Mercer County taxpayers paid $23,277 in County Sales Tax in June, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where County Sales Tax collection stood at $24,432.

Over the past 12 months, Mercer County's residents have collectively paid a total of $318,472 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 Mercer County Over Last 12 months
MonthAmount Collected% Change from Previous Month
June$23,277-4.7
May$24,432-14.2
April$28,47432.4
March$21,507-14.9
February$25,261-25.6
January$33,96014
December 2022$29,786-7.7
November 2022$32,26022.4
October 2022$26,36311.8
September 2022$23,5883.7
August 2022$22,743-15.2
July 2022$26,8218.6

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