 Business
Environment
Business
The employment and establishment data reported in the following table is for
Payne County. It should be noted that this employment data excludes some types
of employment, namely government and railroad employment.
Taxes
| Mill Levies (2005) |
Sales Tax (4-1-2006) |
| School District |
Cushing |
State Tax Rate |
4.5% |
| School Mill Levy Rate |
55.37 |
County Tax Rate |
.75% |
| School Bond Indebtedness |
|
City Tax Rate |
4% |
| Central Vo-Tech |
13.00 |
|
| County Mill Levy Rate |
16 |
State Corporate Tax Rate |
| Total Mill Levy Rate |
84.37 |
Tax Rate |
6% |
| Real Property Assessment Rate |
.114 |
|
| |
| Total Mill Levy rates will vary, depending on exact
location of property. There is no state ad valorem tax. Personal property
assessment rates range from 10% to 15%. |
Other Special Assessments |
Employment
|
Sector
|
Number of
Establishments
For Zip Codes
74023 & 74030
|
Number of
Establishments
For Payne County
|
Number
Employed for
Payne County
|
| Forestry, fishing, hunting and agriculture |
1 |
7 |
32 |
| Mining |
36 |
35 |
424 |
| Utilities |
2 |
8 |
124 |
| Construction |
43 |
179 |
1252 |
| Manufacturing |
27 |
66 |
2,524 |
| Wholesale Trade |
13 |
51 |
1008 |
| Retail Trade |
68 |
290 |
3,512 |
| Transportation and warehousing |
25 |
34 |
249 |
| Information |
7 |
33 |
440 |
| Financial & insurance |
23 |
103 |
754 |
| Real estate & rental leasing |
14 |
67 |
279 |
| Professional, scientific, & technical services |
25 |
152 |
869 |
| Admin. support, waste mgmt, remediation services |
11 |
66 |
1,378 |
| Educational services |
3 |
15 |
66 |
| Health care and social assistance |
37 |
170 |
2,909 |
| Arts, entertainment & recreation |
4 |
25 |
247 |
| Accomodation & food service |
23 |
144 |
3,315 |
| Other Services (except public administration) |
55 |
194 |
4,029 |
| Total |
419 |
1,645 |
23,489 |
| Source: Oklahoma County Business Patterns 2003 US Census for zipcodes 74023, 74030 & Payne County |
|
Major Employers |
Product/Service |
Number
Employed |
| Cushing Public Schools |
Education Services |
235 |
| Cushing Regional Hospital |
Health Services |
250 |
| Cimarron Correctional Facility |
Private Prison |
209 |
| City Of Cushing |
Government Services |
138 |
| Wal-Mart |
Retail |
125 |
| Maveric Mini-Marts |
Retail |
110 |
| Five Star Inter Local Co-op |
Educational Services |
106 |
| Steer-Inn Restaurants |
Retail |
87 |
| Escott's Buy-Rite |
Retail-Grocery |
85 |
| Valley Hope Treatment Center |
Health Care & Social Assistance |
65 |
| Mills Construction & Welding |
Construction |
55 |
| Resthaven Nursing Home |
Health Care |
50 |
|
Linwood Nursing Home |
Health Care |
50 |
|
Oil Well Fracturing Services
|
Energy Industry Services |
46 |
| Oil Well Cementers |
Energy Industry Services |
42 |
| Bank of Cushing |
Financial Services |
32 |
| Doug Carson & Associates |
Information Services |
30 |
| Submersible Pumps |
Manufacturer |
45 |
| Oklahoma Oil Well Cementing |
Energy Industry Services |
25 |
| Ahrberg Milling |
Animal Feed Manufacturer |
24 |
| Child Services Center |
Educational Services |
24 |
| ESECO Speedmaster |
Manufacturer-Photography Equip |
22 |
| Spirit Bank
|
Financial Services |
22 |
Telecommunications
Cushing has one central office capable of digital switching and fiber optics.
 Commercial
Services
Within the city there are machine shops, electric and motor repair services.
Financial Institutions
Cushing has three banks with assets totaling more than $324,794,000.
Accommodations
The city has two motels with 101 rooms. The largest banquet room in Cushing
seats 300.
Tax structure
Cushing's property tax rate is $84.37 per $1,000 assessed value for the year
2005. The fractional assessment percentage for real property is 11.40% and for
personal property; 11.40%. The property tax is distributed as follows:
|
City |
County |
School |
Other |
Total |
| $0.00 |
$16.00 |
$55.37 |
$13.00 |
$84.37 |
|
