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.
Mize says the good news continues in other areas.
As the county looks at budgeting for the new year, Mize says officials are working with a significantly improved financial future.
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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