Published on April 01, 2025
Sales tax collections in Addison saw a significant increase of 11.2% in the first quarter of 2025, compared to the same period last year. According to the latest figures, the town collected $4,632,955.31 in sales tax for Q1 2025, up from $4,166,292.76 in Q1 2024.
Sales tax is often considered the closest proxy for total economic activity, as it represents 1% of every sale consummated within the town. With this increase in collections, the total economic activity in Addison for the first quarter of 2025 is estimated to be $463,295,531.00.
The rise in sales tax revenue is seen as a positive sign for Addison’s local economy, indicating strong consumer spending and business activity.