Water, Sewer & Tax 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
and taps are installed by the developer per city
standards/approval

$600

$800

Additional residential units on same lot -- connected
with existing tap*

$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,
multi-dwelling complexes: 50 units or less, per unit

$1,400

$2,200

Apartments, mobile home parks, condominiums,
multi-dwelling complexes: over 50 units, per unit

$1,000

$1,250

Factories, commercial structures, offices, schools:

Factories (first 10,000 square-feet floor space), also
shopping centers, warehouses, office buildings,
schools, etc.

$1,800

$2,400

Each additional 10,000 square-feet of floor space

$950

$1,400

Hotels, motels, hospitals, nursing homes, retirement
homes for each rental room

$900

$1,200

Residences which cannot use the available public
gravity sewer without the necessity of a sewer pump**

$900

$1,200