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Taxes Statistics
Real Estate
Assessment Ratio 100%
Tax Rate .61
Personal Property
Assessment Ratio - 100%
Tax Rate - 1.65
Machine & Tools
Assessment Ratio - 1.65/$100 cost
Merchant's Capital
Assessment Ratio .65/$100 of assessed value
| Depreciation Original Cost |
| Years |
Percentage |
| New-2 |
80% |
| 3-4 |
60% |
| 5-6 |
50% |
| 7-10 |
40% |
| 11-14 |
30% |
| 14+ |
20% |
Utility Taxes
Electric
20% of first $1,000
2% excess of $1,000
Gas
20% of first $1,000
2% excess of $1,000
Telephone
20% of first $15.00
Sales Taxes
Local Sales - 1%
State Sales/use - 3.5%
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