Sales tax revenue returned to Fulton County during 2012 set a record of $6,514,973.67.
Information from the Fulton County commissioner offi ce states in December 2012, sales tax revenue returned from the Ohio Department of Taxation was $547,174.34, which was almost $33,000, or 6.4%, more than was returned to the county in 2012.
Vond Hall, county administrator, said full data from the Department of Taxation was not available, so he had not had a chance to analyze the figures.
County businesses collect sales taxes from some goods and services purchased or obtained in the county. Merchants take 7% of their sales and pay that amount to the Ohio Department of Taxation.
The Department of Taxation takes the state’s 5.5% share of the total sales tax, and returns a 1.5% share to Fulton County.
The county sales tax revenue represents a 1.5% share.
It takes about three months for the Department of Taxation to collect a onemonth sales tax, make its calculations, and then send a check back containing the county share.
So, revenue received in 2012 is from taxes on sales paid in September.
The Fulton County sales tax rate used to be 6.5%. County commissioners approved raising the county share of the sales tax from 1% to 1.5% in September 2009, after responding to shortfalls in the county budget.
The Ohio Department of Taxation began collecting the additional 1/2 percent (.5%) on Jan. 1, 2010.
The highest sales tax rate in Ohio is 7.75%.
Over The Years
In 1992, the county re- ceived more than $1.9 million in sales taxes. Sales tax revenue to the county topped $2.2 million in 1993.
Sales tax revenue topped $3.2 million in 1996. It fell to just over $3 million in 1997, but then rose to top $4 million in 2000.
The sales tax figure fell to just shy of $3.7 million in 2001. It built up each of the follow years, until it again topped $4 million in 2006.
In 2008, sales tax revenue was more than $4.2 million.
The national economy collapsed in 2009. Sales tax revenue fell by more $480,000. Total revenue was more than $3.7 million.
After another 1/2 percent was added to the county sales tax rate, the total collection increased more than $1.5 million for 2010, hitting a new high of just over $5.2 million.
For 2011, with the county sales tax rate at 7%, sales tax revenue rose more than $865,000, hitting $6.1 million.
The 2012 figure of more than $6.5 million is a 6.6% increase from the previous year.