1 minute read

Financial Highlights

Sales Tax Revenues

Sales tax revenues are the second largest source of funding for general fund revenues. For the prior three years the city collected:

Fy22 Sales Tax Allocation

$825.2 Million in Sales Tax Revenues were Collected in Irving for FY22, 76% of which goes to the State of Texas.

Top 10 Sales Tax Categories

Retail Trade

Wholesale Trade Information

Manufacturing

Accommodation and Food Services

Professional, Scientific and Technical Services

Construction Utilities

Administrative/Support, Waste Management and Remediation Services

Real Estate, Rental and Leasing

Taxable Values

$22,270,768 $15,732,433 $8,325,758 $7,794,611 $7,207,357 $6,313,381 $5,068,504 $3,810,750 $2,532,784 $2,408,430

According to the Dallas Central Appraisal District (DCAD), the Total Estimated Taxable Value for the 2022 Fiscal Year is $32,039,018,052, an Increase of $2,111,570,834 over the Prior Year

New Residential Construction Added 1,273 New Properties with an Average Value of $170,743 and New Commercial Construction Increased by 55 Properties with an Average Value of $3.56 Million

This article is from: