|
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 |
2.75 |
2.75 |
| 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 |
| City
water customers |
| Tap
& meter size |
Municipal |
Regional |
| 5/8"
x 3/4" |
$650 |
$1,200 |
| 3/4"
water line |
$750 |
$1,300 |
| 1"
water line |
$850 |
$1,400 |
| 11/2"
water line |
$950 |
$1,500 |
| 2"
water line |
$1,400 |
$1,900 |
| 3"
water line |
$2,600 |
$3,600 |
| 4"
water line |
$3,000 |
$4,500 |
| 6"
water line |
$5,000 |
$7,200 |
| 8"
water line |
$7,000 |
$9,600 |
Fire hydrants installed on metered water lines
are not charged monthly fees. Fire hydrants installed on non-metered
water lines are charged $5 per month for municipal water customers,
$7.50 for regional water customers, and $11.25 for incorporated water
customers.
| Sewer
meter rates City sewer customers |
| Cost
per $1,000 Gal. |
Municipal |
Regional |
| Base
rate |
$9.47 |
$12.54 |
| 1,000-9,000
gal |
$2.24 |
$4.19 |
| Over
9,000 gal |
N/A |
$3.05 |
| City
sewer customers |
| Sewer
tap fees |
Municipal |
Regional |
| New
residence |
$1,400 |
$2,000 |
| New
residence w/ lines & tap installed to city standards |
$600 |
$800 |
| Unauthorized sewer taps
found connected to the city sewer system |
| Sewer tap fees |
Municipal |
Regional |
| Small
commercial users |
$1,400 |
$2,200 |
| Car
washes per bay |
$1,600 |
$2,200 |
| Multiunit
dwellings less than 50 units |
$1,400 |
$2,200 |
| Multiunit
dwellings more than 50 units |
$1,000
|
$1,250 |
| Factories,
commercial structures, offices, schools, |
| first
10,000 square-feet floor space |
$1,800 |
$2,400 |
| Each
additional 10,000 square-feet floor space |
$950 |
$1,400 |
| Hotels,
hospitals, nursing homes, retirement homes |
$900 |
$1,200 |
| Residences
unable to use gravity sewer |
$900 |
$1,200 |
|
