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West Central Reporter

Sunday, November 24, 2024

$28,435 in Countywide Sales Tax collected in August for Hancock County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Hancock County taxpayers paid $28,435 in Countywide Sales Tax in August, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Countywide Sales Tax collection stood at $30,482.

Over the past 12 months, Hancock County's residents have collectively paid a total of $386,668 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
August$28,435-6.7
July$30,482-14.8
June$35,78314.1
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

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