|
|
| |
|
|
| |
|
TAX STRUCTURE
- Local |
| |
|
|
| |
City |
County |
| Property Tax |
|
|
| Rate Per $100
Value..... |
$0.47 |
$0.75 |
| |
|
|
|
Ratio of
Assessment |
|
Residential.....
|
25% |
25% |
|
Industrial..... |
40% |
40% |
|
Personal
(Equipment) |
30% |
30% |
| |
|
|
|
(Inventory
Tax) Raw Materials Only |
| Bonded
Debt....... |
$2,241,379 |
$8,745,000 |
| Assessed
Valuation |
$25,985,031 |
$108,919,830 |
| School
Tax.......... |
None |
None |
| Sales
Tax.......... |
0.05% |
1.75% |
| Hotel-Motel
Tax..... |
0.00% |
0.00% |
| |
|
|
| |
|
|
|
TAX STRUCTURE
- State |
| |
|
|
| Sales
Tax.......... |
7%(6%
for food and food ingredients for human consumption) |
| |
|
|
|
Income Tax |
| Personal..... |
6% on Interest &
Dividends |
|
| Excise..... |
6.5% of Net Earnings |
|
| |
|
|
|
Franchise.......... |
..25 per
$100 of Capital Properties |
| Unemployment Tax
New |
|
|
| Employers..... |
2.7% of first $7000 |
|
| |
|
|
|
|
|
