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Saturday, April 27, 2024

Henry County taxpayers give $40,320 in County Sales Tax in November 2023

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Henry County taxpayers paid $40,320 in County Sales Tax in November 2023, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where County Sales Tax collection stood at $40,324.

Over the past 12 months, Henry County's residents have collectively paid a total of $506,176 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
November 2023$40,3200
October 2023$40,3243.9
September 2023$38,794-15.4
August 2023$45,85610.4
July 2023$41,527-14.8
June 2023$48,7215
May 2023$46,3962.9
April 2023$45,10337.4
March 2023$32,836-6
February 2023$34,939-27.6
January 2023$48,27412
December 2022$43,086-3.6

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