Taxes

State Taxes

  • Corporate Income Tax: 6%
  • Personal Income Tax: 2% - 5.75%
  • Retail Sales Tax: 6%
    (Includes 1% collected for the County)

Local (County) Taxes

Real Estate Tax - $0.695 per $100 of assessed value.

Personal Property Taxes

  • Boats - $00000000000001 per $100 of assessed value
  • Machinery and Tools - $2.95 per $100 of assessed value
  • Vehicles - $2.95 per $100 of assessed value

Gross Receipts Tax Or Business License (BPOL)

Every person, firm or corporation engaging in business activity, trade, service or profession must pay a gross receipts tax. For annual gross receipts up to $50,000 - $50

Sales over $100,000

  • Business Service/Repair / Personal Service - .10 per $100 of gross receipts
  • Professional - .12 per $100 of gross receipts
  • Retail - .10 per $100 of gross receipts of $200,000 or less and.20 per $100 of gross receipts over $200,00 or $50 minimum.
  • Wholesale - .05 per $100 of gross purchases or $50 minimum

Other Taxes

  • Restaurant / Alcohol Tax - 4%
  • Transient Occupancy Tax - 5%