Both Baxter County and Mountain Home reported a marked increase in sales tax revenue in July, with the county enjoying a double-digit percentage jump, reports from city and county officials indicate.
Baxter County distributed $608,392.20 in sales tax revenue in July, according to monthly figures released by County Treasurer Jenay Mize. That is a 10.1 percent increase of $55,848.64 from the July 2016 distribution of $552,543.56.
Mountain Home reported $419,079.99 in July sales tax revenue, according to the monthly sales tax report from Treasurer Deborah Cotter. That is a 7.1 percent increase of $27,782.85 from the July 2016 report of $391,297.14.
Sales tax distributions are made two months after the tax is collected by area businesses. July’s reports reflect area spending from May.
Countywide sales tax distributions have bested 2016’s numbers six out of the seven months so far in 2017. Year-to-date county sales tax collections are $3,939,574.51, an increase of 4.2 percent over the same time last year.
Mountain Home’s sales tax collections so far this year have also bested the 2016 numbers six out of seven months. Year-to-date sales tax collections are $2,822,085.02, a 2.75 percent increase over the same period as last year.
Baxter County receives 57.753 percent of its sales tax collections; the rest is distributed to cities based on population.
The following is the county sales tax distribution for July, along with the July 2016 distribution for each one in parentheses:
• Baxter County: $351,364.70 ($319,110.44)
• Big Flat: $1,524.17 ($1,384.25)
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