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News

Cedar Park, Leander sales taxes risen sharply as populations grow

Published on August 21, 2017 under CommunityImpact

Each month cities and other local entities throughout the state receive allocations from the sales tax revenue collected in their areas. After the collections have been reported to the state comptroller’s office and the state’s portion is removed, local governments receive their allocations back, which can then be put toward a variety of funds. The state’s sales tax rate is 6.25 percent. On top of that, local entities are able to add an additional percentage to collect up to 2 percent, leading to the 8.25 percent tax that many people see on their receipts. Local entities, including Leander and Cedar […]

The post Cedar Park, Leander sales taxes risen sharply as populations grow appeared first on Community Impact Newspaper.

Source: Community Impact- Cedar Park

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