Ad
related to: how to find permits pulled on property tax payment az sales tax increase
Search results
Results from the WOW.Com Content Network
Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee.
The measure amended Article IX of the Arizona State Constitution, raising the state sales tax from 5.6% to 6.6%, and included a clause which would automatically repeal the increase on May 31, 2013. Two-thirds of the revenue was designated for primary and secondary education , while one-third of the revenue was designated for both health and ...
This trend led to the introduction of alternatives to the property tax (such as income and sales taxes) at the state level. [16] Property taxes remained a major source of government revenue below the state level. Hard times during the Great Depression led to high delinquency rates and reduced property tax revenues. [68]
For premium support please call: 800-290-4726 more ways to reach us
Arkansas has a state sales tax of 6.50%. City taxes range from an additional 0.25% to 3.5% and county taxes could be as much as 3.25%. [69] Including city and county taxes, the highest sales tax rate is 11.625% in the portions of Mansfield that are in Scott County. [70]
For example, if the tax rate is 51.7 mills, multiply .0517 by the assessed value (Property Value x Assessment Ratio) to determine the amount of property tax due.
For premium support please call: 800-290-4726 more ways to reach us
During the five year tax period the city raised nearly $310 million in direct taxes, plus $52 million of income on the tax money it had deposited. The tax was extended with voter approval for an additional six months to raise enough money to complete all of the projects, and construction continued until 2004.
Ad
related to: how to find permits pulled on property tax payment az sales tax increase