Business
Taxes:
Property Assessment:
Agricultural 12% true market value
Commercial/Industrial 32% true market value
Residential 19% true market value
All other personal property 33 1/3 % true market value
Tax Rates in the City of Kirksville: FY 2012
Property Tax $0.6633 cents/$100
Railroad and Utility Tax $0.6547 cents/$100
Intangible Tax—Based on financial institution reported income to federal government.
Franchise Tax ranges from 3-5% of sales
Cigarette tax $2.50 per 1,000 sold
Sales tax within city limits 7.85%
Economic Development Sales Tax 5% (to four lane Hwy. 63)
State of Missouri 4.225%
County of Adair 1%
Adair County Ambulance District .375%
Gross Receipts sales tax $.50/$1,000 in sales exceeding $30,000
Corporate income tax Computed at 6.25% of Missouri taxable income
Unemployment Insurance 2.7% entry rate for new employers
Employers pay from 9-6% based on experience ratings and account balances individual income tax. State income tax is determined by a table to taxable income through $9,000 plus 6% of taxable income over $9,000.