With the continued increase in population and incoming businesses, San Marcos’ economy has seen a steady climb, with sales tax allocations for the month and year to date, up from the previous year, based on newly released statistics.
The city has received $1,760,081 more for 2023 year to date, as compared to 2022.
The sales tax rate allocation given by the Office of the State Comptroller for the city of San Marcos is 1.5%.
The sales tax allocation for August, representing sales made in June in San Marcos, has gone up 7.66% compared to the same month last year.
The amount allocated to the city for sales made in June is $3,580,381, up from $3,325,548 for the same period in the previous year.
The amount of allocations for the entire year to date is up 7.13% from last year.
For the entire year of 2023, the city received a total of $26,426,579 in allocations, and year to date for 2022 was $24,666,498.
The total tax allocations for all of 2022 was $38,016,330.75.
The tax rate allocation for unincorporated Hays County is 0.5%. The allocation for August, representing sales made in June for the county, is $2,897,257, which is up 3.3% from last year in the same period when it received $2,804,439. The payment to the county year to date is $21,399,387, which is up 5.37% from last year.
In 2022, Hays County received $17,503,649 for the year by this time.
Two cities in Hays County are down from last year for this tax allocation period and two of the cities are down year to date, as compared to 2022. Those down for this tax allocation period are Uhland and Buda. The two that are down for the year to date compared to last year are Hays City and Uhland.
Other cities in the county have seen increases from last year in tax allocations compensation for this time period and for the year to date.
Here’s how the rest of the county’s municipalities fared: Buda: Monthly allocation is $1,152,947, down 2.99%. Year to date total is $8,624,857, up 8.09%.
Dripping Springs: Monthly allocation is $404,839, up .64%. Year to date total is $3,036,593, up 7.22%.
Hays City: Monthly allocation is $1,782, up 10.65%. Year to date total is $15,289, down 3.4%.
Kyle: Monthly allocation is $1,562,810, up 5.73%. Year to date total is $11,051,354, up 10.39%.
Mountain City: Monthly allocation is $3,428, up 26.78%. Year to date total is $20,650, up 16.93%.
Niederwald: Monthly allocation is $8,733, up 4.57%. Year to date total is $73,022, up 27.18%.
Uhland: Monthly allocation is $50,692, down 53.93%. Year to date total is $372,568, down 38.14%.
Wimberley: Monthly allocation is $173,100, up 18.56%. Year to date total is $1,042,784, up 8.3%.
Woodcreek: Monthly allocation is $8,564, up 11.08%. Year to date total is $70,983, up 16.09%.
Buda, Kyle, Uhland and San Marcos have a sales tax rate of 1.5%. The sales tax rate in Dripping Springs is 1.25% and it is 1% in Hays City, Mountain City, Niederwald, Wimberley and Woodcreek.
