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East Central Reporter

Thursday, November 21, 2024

Coles County collects $52,194 in County Sales Tax in May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Coles County taxpayers paid $52,194 in County Sales Tax in May, according to Illinois tax records.

This figure marks a significant increase from the previous month, where County Sales Tax collection stood at $48,542.

Over the past 12 months, Coles County's residents have collectively paid a total of $605,839 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
May$52,1947.5
April$48,54215.5
March$42,017-15.3
February$49,624-16.1
January$59,153-13.5
December 2023$68,37682.6
November 2023$37,449-24.3
October 2023$49,498-6.9
September 2023$53,18212.9
August 2023$47,122-2.1
July 2023$48,129-4.8
June 2023$50,55337.1

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