Baxter County is wrapping up a record-breaking year in sales tax collections, crossing the $400,000 mark for the fifth consecutive month.Sales tax numbers are in for November, reflecting purchasing in September, traditionally a time when collections dip, according to Baxter County Treasurer Jenay Mize.
Mize says collections are up in every category.
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Mize says the good news continues in other areas.
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As the county looks at budgeting for the new year, Mize says officials are working with a significantly improved financial future.
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At the City of Mountain Home, Treasurer Marshella Norell says collections are also up. The city’s 1% sales tax collections for the latest reporting period were $477,975. This is up over the same time last year by $49,393 and equates to a 11.27% increase.
The city’s average sales tax per month for this year has been $454,017. Norell says, “That is remarkable.”
The year-to-date percentage of increase is 9.31%. Additionally, Norell says collections have now exceeded the budgeted amount of city sales tax by $119,191.
The amount of county sales tax received by the City of Mountain Home totaled $212,343. This is up over last year by $22,853. This equates to a 12.06% increase for the monthly collection.
Year-to-date the City of Mountain Home is up $209,623 over last year’s collections from the county’s sale tax. That equates to a 10.5% increase.
The city’s portion of the county sales tax has averaged $200,473 this year.
In the public safety tax collections, the total received for the month was $179,240, an increase over the same month in 2019 of $18,147. This equates to a 12.35% increase.
Year-to-date the City of Mountain Home is up $159,578 in public safety tax collections, which equates to a 9.31% increase.
The Baxter County sales tax is divided among the county and the eight municipalities. In addition to Mountain Home, Gassville took in $35,447, Cotter received $16,546, Lakeview got $12,640, Norfork took in $8,716, Salesville received $7,676, Briarcliff got $4,025 and Big Flat took in $1,774.
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