City / County Tax Structure
| Property Taxes | City | County |
|---|---|---|
| Rate Per $100 Value | $2.29 | $2.37 |
| Outside City | $2.78 | |
| Ratio per Assessment | ||
| Residential | 25% | 25% |
| Industrial | 40% | 40% |
| Personal (Equipment) | 30% | 30% |
- State Sales Tax: 7%
- Local Sales Tax: 2.75%
- No state taxes on wages
- No inventory tax on finished goods or goods in process
- No sales tax on qualified industrial machinery and distribution/warehouse equipment
- An excise tax credit
- A job tax credit
- No tax on services
