City government · Marion County, TN

New Hope's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), New Hope took in $665 thousand.

Latest recorded year: ended June 30, 2022Comes from

See every government that serves your ZIP

Where it comes from

City taxes96%State tax money4.1%

What stands out

41%

of New Hope's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes96%

Property tax
53%$353 thousand
Sales tax
41%$271 thousand
Other taxes
2.1%$14 thousand
What's in other taxesOther licenses
  • Other licenses$14 thousand

Amounts are by Census tax category.

State tax money4.1%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
4.1%$27 thousand
Sources and moreWhere these numbers come from and what they cover

City of New Hope. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of New Hope itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.