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East Central Reporter

Wednesday, November 27, 2024

Coles County residents pay $47,122 in County Sales Tax in August

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Coles County taxpayers paid $47,122 in County Sales Tax in August, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where County Sales Tax collection stood at $48,129.

Over the past 12 months, Coles County's residents have collectively paid a total of $498,849 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 Coles County Over Last 12 months
MonthAmount Collected% Change from Previous Month
August$47,122-2.1
July$48,129-4.8
June$50,55337.1
May$36,861-15.4
April$43,57021.6
March$35,8301.6
February$35,262-31.3
January$51,29135.7
December 2022$37,8019.4
November 2022$34,559-18.8
October 2022$42,58220.7
September 2022$35,289-6.1

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