Frequently Asked Questions
Below you will find information that might help you understand how to find things or learn about information you might need to know about your city or town.
Accounting & Finance
2-
Accounting & Finance
The sales and use tax for the city is 8.25%. The State of Texas receives 6.25% and the City receives 2% of this tax. The proceeds from the City’s portion of this tax are used to support the general operations of the City and to provide funds for infrastructure improvements and economic development. Specifically, 1.5% of this tax is deposited in the General Fund of the City, .25% is governed by a private non-profit economic development corporation (established pursuant to Section 4A of the Texas Development Corporation Act of 1979), and the remaining .25% is governed by a private non-profit corporation designed to make infrastructure improvements to attract economic activity to the community (established pursuant to Section 4B of the Texas Development Corporation Act of 1979).
-
Accounting & Finance
The City’s property tax rate on real property is $0.694321 per $100 of assessed value. In other words, the owner of a $100,000 home, would pay the City $694.32 in property taxes. These taxes are collected by Wichita County through an inter-local agreement between the City and the County. The proceeds from this tax are deposited in the General Fund of the City and used to support general operations such as police and fire protection, street maintenance, traffic control, parks and recreation, library service, engineering service, health and safety, and general finance and administrative services.