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Tuesday, October 15, 2024

Mercer County taxpayers give $20,491 in County Sales Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Mercer County taxpayers paid $20,491 in County Sales Tax in July, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $26,659.

Over the past 12 months, Mercer County's residents have collectively paid a total of $322,077 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
July$20,491-23.1
June$26,6596.8
May$24,965-7.8
April$27,07510.4
March$24,5197.8
February$22,743-27.1
January$31,190-3
December 2023$32,151-4.8
November 2023$33,77120.8
October 2023$27,94520
September 2023$23,295-14.6
August 2023$27,273-10.2

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