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Taxation

City and County Rates

The County Tax Assessor makes appraisals for tax purposes on real and personal properties.  By statute, appraisals are conducted every ten years, and the last appraisal was conducted in 1999.  Residential and agricultural properties are assessed at 25% of the appraised value.  Commercial and industrial real properties are assessed at 40% of appraised value and commercial and industrial personal properties are assessed at 30% of appraised value. 

Tax Rates per $100 of Assessed Value
County Tax Rate $1.90
City of Smithville $0.68
City of Liberty $0.13
City of Alexandria $0.80

 

 

Bonded Debt

DeKalb County:

 $2,113,977

Includes water, sewer and electric revenue bonds.


State Taxation Rates

TAX

RATE
Corporate Income 6% based on net earnings made within the state.
Franchise .25 per $100, based on outstanding stock, surplus or undivided property.
Sales and Use .085% - state and local option combined.
Personal Income Tax NONE
Unemployment Insurance .015% to .10% of the first $7,000 of wages paid; .027% for new employees.
Initial Corporate Organization $50.00 domestic flat fee.
$300.00 foreign flat fee.