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Sunday, November 24, 2024

Prairie State sales taxes: Franklin County residents paid 27th-largest sum in August

Webp cory staley 1

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Franklin County taxpayers paid the 27th largest sum in sales taxes in August, according to Illinois tax records.

In total, Franklin County residents paid $628,905 in sales taxes during August.

Franklin County also ranked 27th in the Prairie State the month before, with $689,504 spent in sales taxes.

The County School Facility Tax accounted for the largest share of sales taxes paid by Franklin County residents in August.

Illinois is currently the highest taxed state in the US. A study from Wallet Hub found Illinois taxes are 39.83% higher than 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.

Composition of Sales Tax Revenue in Franklin County in August
County School Facility Tax [41.2%]Special County Retailers Occupation Tax [41%]Countywide Sales Tax [12.4%]County Sales Tax [5.4%]

Sales Taxes Collected in Franklin County in August
Type of TaxAmount Collected in Month% Change From Previous Month
County School Facility Tax$259,289-7.8
Special County Retailers Occupation Tax$257,921-7.8
Countywide Sales Tax$77,820-7.5
County Sales Tax$33,875-23.9

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