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Sunday, November 24, 2024

Hancock County residents pay $31,360 in Countywide Sales Tax in May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Hancock County taxpayers paid $31,360 in Countywide Sales Tax in May, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Countywide Sales Tax collection stood at $34,467.

Over the past 12 months, Hancock County's residents have collectively paid a total of $389,600 in Countywide Sales Tax.

The Countywide Sales Tax, a crucial revenue stream, is primarily allocated for county governments use.

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.

Countywide Sales Tax Collected in Hancock County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$31,360-9
April$34,46715.8
March$29,7624.7
February$28,416-22.9
January$36,87322.2
December 2023$30,166-12.1
November 2023$34,306-3
October 2023$35,35613.1
September 2023$31,262-4.8
August 2023$32,855-0.7
July 2023$33,0724.3
June 2023$31,7055.6

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