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Saturday, April 27, 2024

McDonough County residents pay $24,558 in County Sales Tax in December 2023

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

McDonough County taxpayers paid $24,558 in County Sales Tax in December 2023, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where County Sales Tax collection stood at $26,189.

Over the past 12 months, McDonough County's residents have collectively paid a total of $268,105 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 McDonough County Over Last 12 months
MonthAmount Collected% Change from Previous Month
December 2023$24,558-6.2
November 2023$26,189-7.4
October 2023$28,292-9.5
September 2023$31,25345.3
August 2023$21,5105.6
July 2023$20,36419.1
June 2023$17,098-11.2
May 2023$19,251-17.3
April 2023$23,28154.3
March 2023$15,090-19.1
February 2023$18,653-17.3
January 2023$22,56613.8

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