Rates
Tax Structure |
||
Local City |
County |
|
Property Tax - Rate Per $100 Value |
$1.57 |
$2.03 |
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 |
City Sewer Customers |
||
Sewer tap fees |
Municipal |
Regional |
New residence |
$1,400 |
$2,000 |
New residence within a new subdivision where all lines |
$600 |
$800 |
Additional residential units on same lot -- connected |
$400 |
$650 |
Small commercial users, service stations, etc. |
$1,400 |
$2,200 |
Car washes per bay |
$1,600 |
$2,200 |
Apartments, mobile home parks, condominiums, |
$1,400 |
$2,200 |
Apartments, mobile home parks, condominiums, |
$1,000 |
$1,250 |
Factories, commercial structures, offices, schools: |
||
Factories (first 10,000 square-feet floor space), also |
$1,800 |
$2,400 |
Each additional 10,000 square-feet of floor space |
$950 |
$1,400 |
Hotels, motels, hospitals, nursing homes, retirement |
$900 |
$1,200 |
Residences which cannot use the available public |
$900 |
$1,200 |