|
The
City's property tax rate is lower than the state
average for cities and in the lowest quartile for
cities our size in the state.
That
brings you..............
|
Closer to Profits Local
Tax rate per thousand dollars
of full market value - $25.88 (2006)
Total market value of all property in the
city -
$457,573,325
Total bonded indebtedness of the city -
$14,330,000
Total bonded indebtedness of the School
District -
$28,595,000
(allowed max. is 10% of market property value)
State
Exempt from State Taxes - Machinery and Equipment - Inventory
Retail Sales Tax - 5.0%
Personal Income Tax (married, filing jointly)
Minimum Rate is 4.9% -
Maximum Rate is 6.93%
Corporate Income Tax - 7.9% (flat)
State
Capital Gains Tax - 60% Exclusion
|
