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Sunday, November 24, 2024

Pike County collects $21,294 in County Sales Tax in May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Pike County taxpayers paid $21,294 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 $18,628.

Over the past 12 months, Pike County's residents have collectively paid a total of $278,337 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 Pike County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$21,29414.3
April$18,628-8
March$20,254-17.5
February$24,557-7.8
January$26,647-10.1
December 2023$29,63330.9
November 2023$22,644-18.9
October 2023$27,90654
September 2023$18,121-12.2
August 2023$20,649-20.9
July 2023$26,09319.1
June 2023$21,91129.3

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