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Monday, November 18, 2024

Henry County taxpayers give $35,523 in County Sales Tax in August

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Henry County taxpayers paid $35,523 in County Sales Tax in August, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $39,970.

Over the past 12 months, Henry County's residents have collectively paid a total of $513,273 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
August$35,523-11.1
July$39,970-19.5
June$49,6337.3
May$46,2363.4
April$44,72010.4
March$40,51116.2
February$34,864-41.3
January$59,40938.3
December 2023$42,9696.6
November 2023$40,3200
October 2023$40,3243.9
September 2023$38,794-15.4

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