Oklahoma Roofing Jobs Means More Tax Dollars For Communities

March 16th, 2022 by admin No comments »

This spring’s severe weather did a lot of damage, creating a lot of grief for local homeowners in several central Oklahoma communities. Beyond all the havoc, many communities around the Oklahoma City metro are reporting a positive outcome after those destructive storms.

Severe storm damage was reported all over the northwest Oklahoma City and Edmond area. Winds exceeding 60 mph and hail stones larger than softballs were reported in north Edmond leaving a trail of damage to cars, businesses and homes. The devastating effects of strong winds and hail were especially evident with the amount of roof damage across the area.

Just about anywhere you go in Edmond and surrounding communities, the sound of pounding hammers can be heard throughout the neighborhoods in this north metro suburb. Roofing companies from Edmond to Norman were busy filling orders and responding to damage claims. Oklahoma roofing companies have always been in demand during the spring months, but this year has proven to be the most active in quite some time.

One roofer working in Edmond claimed he would earn over half a million dollars from one neighborhood alone. Insurance companies usually pick up the tab on these jobs that include sales taxes on the construction materials that are purchased. Sales tax collections in Edmond are up 20%. Local financial managers attribute 13% of that increase is to roofing material purchases.

The sales tax rate in Edmond is 3.75%. The growth rate is based on a 3.25% sales tax rate that excludes the half-cent sales tax designated to construct at $25.5 million Public Safety Center.

Edmond revenue from the first fiscal quarter equals $13.4 million. This is a $2.2 million increase from that same period in 2011. Edmond’s first fiscal quarter saw a 20% increase from the previous year. City officials say this jump is almost exclusively a result of roofing activity. Edmond roofing work is expected to continue for several more months

Other cities around Oklahoma City are reporting similar figures. The Village has seen a 19% increase, while Oklahoma City reports that 2% of their 16% increase is a result of Oklahoma City roofers buying needed materials. Oklahoma City showed 4.7 percent sales tax growth from mid-June to mid-July compared to the previous year.