TAX STRUCTURE |
|
Local City |
County |
| Property Tax - Rate Per $100 Value |
$1.78 |
$2.10 |
| Ratio of Assessment |
Residential
|
25% |
25% |
Industrial
|
40% |
40% |
Personal (Equipment)
|
30% |
30% |
(Inventory Tax) Raw Materials Only |
| Bonded Debt |
$19,223,870 |
$21,844,288 |
| Assessed Valuation |
$150,796,400 |
$667,195,387 |
| School Tax |
None |
None |
| Sales Tax |
2.25 |
2.25 |
| Hotel-Motel Tax |
5% |
5% |
STATE |
| Sales Tax |
7% (6% for food and food ingredients for human consumption) |
Income Tax |
Personal |
6% on Interest & Dividends |
Corporate (Excise) |
6.5% of Net Earnings |
Franchise Tax |
.25 per $100 of Capital Properties |
| Unemployment Tax |
| New Employers |
2.7% of First $7,000 |
|
