Taxes on machinery and tools located within the City are set at $4.25 per $100 of assessed value. The assessment is 20% of the first ten years capitalized cost; 15% for the next ten years, and 10% for ten years after.  A rate of 1% will be assessed for tools/machinery not in use for 1-year.

    Filing of this information is due by March 1st and taxes are due semi-annually in two equal installments.  The first is due by June 5th and the second is due by Dec 5th each year. Failure to pay taxes by the deadline will cause you to pay interest and/or penalties.  Failure to file a machinery and tools rendition between January 1 - March 1 will result in a 10% late-filing penalty.