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West Central Reporter

Monday, April 29, 2024

Hancock County collects $24,676 in County Sales Tax in August

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Hancock County taxpayers paid $24,676 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 $26,947.

Over the past 12 months, Hancock County's residents have collectively paid a total of $379,178 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 Hancock County Over Last 12 months
MonthAmount Collected% Change from Previous Month
August$24,676-8.4
July$26,947-10.7
June$30,1650.4
May$30,040-4.9
April$31,57523.5
March$25,576-20
February$31,989-12.9
January$36,7061.7
December 2022$36,098-13.9
November 2022$41,94314.4
October 2022$36,65336.7
September 2022$26,8103.4

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