Georgetown Finance Department

Sales Taxes

Sales Tax History Amount
FY2019 29,773,695
FY2020 33,965,301
FY2021 42,484,225
FY2022 50,378,320
FY2023 54,671,093

 

Sales Tax Per Capita

Revenues – Sales Tax FY2019 FY2020 FY2021 FY2022 FY2023
Total Sales Tax 29,773,605 33,965,301 42,484,225 50,378,320 54,671,093
Population 62,500 62,500 79,604 81,942 83,529
Per Capita Revenue 476 463 534 615 655

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, 2018 and 2022
  • 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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image: City of Georgetown Texas logo