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On April 30, tax commissioner Ryan Rauschenberger released the 2018 annual taxable sales and purchases reports.
5/07/19 (Tue)
On April 30, tax commissioner Ryan Rauschenberger released the 2018 annual taxable sales and purchases reports.
Calendar year 2018 taxable sales and purchases totaled $20.24 billion, a 12.54 percent increase from a $17.98 billion total in 2017.
“A 12 percent annual growth rate is the largest year-over-year increase in our taxable sales and purchases since 2012,” Rauschenberger said. “We are continuing to see growth in our sectors related to oil and gas industry.”
Typically, when these reports are released to the public, they include the state’s 50 largest cities. This report, however, includes the state’s 200 largest cities.
There are some interesting surprises that include some critically depressed communities economically and some that continue to have a robust local economy.
“You can also see how the oil industry has impacted this report when you take note that the majority of the counties with larger increases were in the west,” Rauschenberger said. “Mountrail and McKenzie counties, two major oil producing counties, both grew by over 40 percent in 2018.”
Of the 200 largest cities in
Parshall – Increase of 323.72 percent; Sheyenne – Increase of 153.10 percent; Dunn Center – Increase of 127.14 percent; Alexander – Increase of 69.79 percent and Golden Valley – Increase of 67.95 percent.
Oil and gas are major economic drivers, but there are several agriculture-only communities such as
Locally, there is some interesting information as well. A summary for each community follows:
Kenmare
The
Kenmare’s taxable sales and purchases in 2018 were $26.45 million, which is up 26 percent from 2017 when it was $21 million.
Kenmare’s population is listed at 1,096, Linton’s is 1,097, yet Kenmare’s $26.45 million more than doubles that of Linton at $11.65 million.
Hazen, a strong farming community of 2,400 that had sales and purchases of $20.3 million, trailed Kenmare by more than $6 million.Casselton with 2,329 people and fueled by agriculture, was $20.3 million; and Lisbon, more than twice the population of Kenmare at 2,154, was $21.6 million.
Kenmare’s numbers actually dropped about 6 percent in the fourth quarter of 2018, but strong 2nd and 3rd quarters brought about the double-digit increase.
Berthold
Berthold’s economy has stabilized, but continues to show positive gains. Taxable sales and purchases in 2018 amounted to $6.74 million with a population of 454, an increase of 7.5 percent over the same period in 2017.
Communities with similar populations and their taxable sales follow: Argusville (475) $1.37 million; Fessenden (479) $3.7 million; Finley (445) $5.31 million;
The biggest game changer for Berthold is in comparing it with Walhalla, population 996, a community with more than twice the population with taxable sales and purchases of $5.85 million.
Carpio
Believe it or not, Carpio, at 157 population, is one of the state’s 200 largest cities and its economy is driven largely by a refueling station and convenience store along U.S. Highway 52.
Like Berthold, this community is outperforming others with similar populations and outdoing some with larger populations.
Carpio’s taxable sales and purchases were $1.36 million in 2018, up 4 percent over 2017 when the statistic was $1.31 million.
What really came as a shock in poring through these numbers was Kensal, a community of 163, about 30 miles northeast of
Carpio’s numbers nearly caught Argusville with its 475 population and $1.37 in sales and purchases.
Another comparison could be that of Carson, population 293 and the
Sherwood
With a population of 242,
Sherwood’s closest comparison in population is Hazelton, in
Bowbells
The
Max and Arthur are the closest communities in size to Bowbells at 334 and 337, respectively, with sales and purchases of $2.59 million and $1.20 million.
This
Lignite
Lignite, which actually saw a 7 percent decline in sales and purchases in 2018, remains in a class by itself.
This
Full Report
To view the full, 2018 Taxable Sales and Purchases report, log on to (www.nd.gov/tax/)...
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