Stillwater Payne County Oklahoma Sales Tax
- Jul 9, 2012 | Susan McLain
Coming close to the end of the fiscal year for Payne County and Stillwater, Oklahoma, the sales tax revenues are looking good. Stillwater News Press states, “The sales tax returns don’t account for inflation, the consumer price index or the municipal price index used to measure costs for local governments…” but the gains do indicate the local economy is growing.
Payne County reported a 13 percent gain for the June report, which shows sales from April 16 to May 15. The county has a .75 percent sales tax rate. The 11-month total for fiscal year 2012 is “…just under $7.6 million in tax revenue…” an “…8 percent gain over last year on sales in the county.”
Stillwater “…brought in more than $23.9 million in sales tax revenue on a 3.5 percent tax rate over the past fiscal year.” The June report showed a 6.8 percent gain over the same period last year and was the “…ninth straight month that showed growth over the same month last year.”
Cushing “…has seen some of the most dramatic growth in the past fiscal year. Cushing saw a 9.6 percent gain in the June report over the same period last year, and the city’s $5.4 million in sales tax revenue during the past 12 months represents an 11.3 percent gain.”