Local Tax Structure
Real Property Tax Mill Levy: Owner - occ. 22.43, Commercial 27.11
Local Sales Rate: 2%
State Sales Tax Rate: 4%
Local Property Tax Incentives
Real Property Tax
Year 1: 20% of assessed value
Year 2: 40% of assessed value
Year 3: 60% of assessed value
Year 4: 80% of assessed value
Year 5: 100% of assessed value
Local Incentives
SEDC Revolving Loan Fund: 3%
City Revolving Loan Fund: 3%