Chief Financial Officer Cory Staley | Illinois Department of Revenue
Chief Financial Officer Cory Staley | Illinois Department of Revenue
In total, residents paid $607,474 in sales taxes during 2023.
The county ranked 90th in the Prairie State the year before, with $770,654 spent in sales taxes.
The largest share of sales taxes paid by Putnam County residents in 2023 came from the Countywide Sales Tax.
The Countywide Sales Tax, a crucial revenue stream, is primarily allocated for county governments' use.
As of 2021, Illinois was the highest taxed state in the US. A study from Wallet Hub found Illinois taxes were 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.
2023 Putnam County Sales Tax Revenues by Type
Type of Tax | Amount Collected in Year | % Change From Previous Year |
---|---|---|
Countywide Sales Tax | $453,433 | -20.5% |
County Sales Tax | $154,041 | -23.2% |