Go to main contentsGo to main menu
Friday, October 18, 2024 at 10:25 AM
TriCity Insurance Agency

Newcastle nears $1 million mark in returns of sales, use taxes combined

The January report from the Oklahoma Tax Commission was recently sent out and reflects returns of tax dollars sent back to area municipalities for purchases made in December.

The January report from the Oklahoma Tax Commission was recently sent out and reflects returns of tax dollars sent back to area municipalities for purchases made in December.

Blanchard, Goldsby, Lindsay, Norman, and Pauls Valley showed significant increases in sales, while McClain County had a decrease.

For Use taxes, Blanchard, Goldsby, Newcastle, Pauls Valley and Purcell showed increases from the previous year.

Blanchard .05 $477,017.05 428,008.18 +49,008.87 Byars .04 $2,781.19 1,581.00 +1,200.19 Cole .04 $9,506.63 2,841.19 +6,665.44 Dibble .05 $20,474.77 23,532.25 -3,057.48 Goldsby .035 $215,343.33 169,097.19 +46,246.14 Lexington .04 $46,979.48 41,260.13 +5,719.35 Lindsay .04 $296,250.49 274,631.36 +21,619.13 Maysville .04 $31,727.42 34,946.54 -3,219.07 Newcastle .04 $729,373.28 727,651.84 +1,721.44 Noble .04125 $171,046.72 180,169.80 -9,123.08 Norman .04125 $8,793,356.81 8,639,657.82 +153,698.99 Paoli .03 $3,861.21 4,631.12 -769.91 Pauls Valley .045 $676,468.30 622,921.67 +53,546.63 Purcell .05 $710,311.22 687,648.66 +22,662.56 Slaughterville .02 $25,030.20 23,819.48 +1,210.72 Wanette .035 $5,947.13 2,946.48 +3,000.65 Washington .04 $26,696.18 16,662.42 +10,033.76 Wayne .035 $17,515.05 17,984.73 -469.68 McClain County .005 $298,137.64 327,245.37 -29,107.73

Use Taxes

CITY RATE 2024 2023 DIFFERENCE Blanchard .05 $229,082.13 164,384.56 +64,699.57 Byars .04 $2,163.33 1,554.47 +608.86 Cole .04 $5,280.05 4,609.14 +670.91 Dibble .05 $5,609.76 6,762.18 -1,152.42 Goldsby .035 $40,307.54 29,943.88 +10,363.66 Lexington .04 $21,329.65 18,155.39 +3,174.26 Lindsay .04 $32,798,31 28,563.46 +4,234.85 Maysville .04 $0 0 0 Newcastle .04 $245,654.49 169,100.19 +85,554.30 Noble .04125 $75,688.23 68,816.94 +6,871.29 Norman .04125 $1,851,389.54 1,463,851.47 +387,538.07 Paoli .03 $3,099.15 2,794.73 +304.42 Pauls Valley .045 $95,043.07 64,395.83 +30,647.24 Purcell .05 $102,973.06 78,884.76 +24,088.30 Slaughterville .02 $13,404.18 12,007.33 +1,396.85 Wanette .035 $2,412.19 1,128.89 +1,283.30 Washington .04 $17,792.87 15,914.10 +1,878.77 Wayne .035 $5,847.05 4,726.24 +1,120.81 McClain County .005 $87,514.04 93,914.20 -6,400.16 Use tax:

Every state with a sales tax has a companion tax for outside the state. In Oklahoma, this is a “use tax.”

When someone purchases items for use in Oklahoma from retailers who do not collect sales tax, the buyer owes the state on those items. The state use tax was first enacted in 1937.


Share
Rate

Newcastle-Pacer

Click here to read Newcastle Pacer!

Where can I buy a Pacer?