Sales Tax Rate: 7.35%
|
Breakdown of sales tax |
|
State Tax |
4.225% |
|
County -
General Tax |
0.500% |
|
County -
Miscellaneous |
0.250% |
|
County –
Capital Improvement |
0.375% |
|
City –
General Tax |
1.000% |
|
City –
Capital Improvement Tax |
0.500% |
|
City –
Transportation Tax |
0.500% |
|
TOTAL TAX RATE |
7.35% |
The city continually
monitors sales tax revenues and updates revenue projections quarterly to
reflect current trends and receipts.
Sales tax revenues are
expected to total $1.25 million in 2007. Collections of the City's 1-cent
sales tax support the City’s general fund. The City's 1/2-cent
transportation tax supports the street improvement program, which finances
improvements to residential streets and thoroughfares. The City’s ˝-cent
capital improvement tax supports the City’s capital improvement projects
such as the community center.
2007 Budgeted Sales Tax Revenues 