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Georgetown Finance Department

Sales Taxes

Sales Tax History Amount
FY2016 23,437,496
FY2017 25,102,936
FY2018 27,254,787
FY2019 29,773,695
FY2020 33,965,301

 

Sales Tax Per Capita

Revenues – Sales Tax FY2016 FY2017 FY2018 FY2019 FY2020
Total Sales Tax 23,437,496 25,102,936 27,254,787 29,773,605 29,773,695
Population 56,208 58,723 60,642 62,500 73,435
Per Capita Revenue 417 427 449 476 463

Sales/Property Tax Rates

City Sales Tax is 8.25%, effective October 1, 2005.

The City receives 2% of the 8.25% sales and use taxes that are remitted by retailers within the City limits:

  • 1.000% is used for general operating purposes
  • 0.500% is used for transportation improvements through the Georgetown Transportation Enhancement Corporation (GTEC), the City’s 4B Economic Development Corporation, authorized in May 2001
  • 0.125% is for Georgetown Economic Development Corporation (GEDCO), the City’s 4A Economic Development Corporation, approved in May 2005
  • 0.125% is for property tax relief, approved in May 2005
  • 0.250% is used for street maintenance, approved in November 2002 & reauthorized by voters in 2006, 2010, 2014, and 2018
  • 6.250% is collected and retained by the State of Texas

8.250% Total sales tax rate

The City’s sales tax base is diverse, with revenues being generated by national retailers, building materials and utilities, etc. The heavy residential growth over the past few years has also created a demand for more restaurants and other retailers that have also expanded the City’s tax base. Sales tax has increased over the past few years due to an increase in new retail developments within the City.

To see a more detailed breakdown of the 2%, click here.

 

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