Tax Structure

Real Estate

Nominal tax rate per $100 of assessed valuation $0.65
Assessment ratio (percent of fair market value taxable) 100.00%
District levies may be imposed in addition to basic county or city levy.

Machinery and Tools

Nominal tax rate per $100 of assessed valuation $1.90
Assessment ratio by year (value used for tax purposes original cost)
1+ 10%
District levies may be imposed in addition to basic county or city levy.

Automobiles and Trucks (less than 2 tons)

Nominal tax rate per $100 of assessed valuation $1.90
Value used for tax purposes Average Trade-In
Assessment ratio 100.00%
District levies may be imposed in addition to basic county or city levy. For large trucks, the nominal tax rate is the same; however, the method of assessment and/or the assessment ratio may be different.

Utility Purchases

Electric $1.72 + $0.014558/kWh ($2.25 max)
Gas $100.00 + $0.082/CCF on first 10,000 CCF, $0.075/CCF on next 40,000 CCF, $0.07/CCF next 150,000 CCF, $0.069/CCF on excess ($180 max)
Note: Tax rate is for monthly bills. Portions of electric bills are exempt in some localities.

Tangible Personal Property (Business Furniture and Fixtures)

Nominal tax rate per $100 of assessed valuation $1.90
Assessment ratio by year (value used for tax purposes original cost)
1 90%
2 80%
3 70%
4 60%
5 50%
6 40%
7 30%
8+ 25%
(minimum is 10%)
District levies may be imposed in addition to basic county or city levy.

Merchant's Capital

Nominal tax rate per $100 of assessed valuation $0.62
Value used for tax purposes Original Cost
Assessment ratio (in years) 100.00%