Director David Harris | Illinois Department of Revenue
Director David Harris | Illinois Department of Revenue
This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $45,912.
Over the past 12 months, Hancock County's residents have collectively paid a total of $392,181 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.
| Month | Amount Collected | % Change from Previous Month |
|---|---|---|
| December 2023 | $34,163 | -25.6 |
| November 2023 | $45,912 | 3.9 |
| October 2023 | $44,192 | 46.1 |
| September 2023 | $30,240 | 22.5 |
| August 2023 | $24,676 | -8.4 |
| July 2023 | $26,947 | -10.7 |
| June 2023 | $30,165 | 0.4 |
| May 2023 | $30,040 | -4.9 |
| April 2023 | $31,575 | 23.5 |
| March 2023 | $25,576 | -20 |
| February 2023 | $31,989 | -12.9 |
| January 2023 | $36,706 | 1.7 |
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