City’s taxable sales fall staggering 42 percent
By Neal A. Shipman
The impacts of the COVID-19 pandemic and the crash in oil prices that began in April of 2019 impacted all of North Dakota. But the greatest impacts on taxable sales and purchases were felt in the state’s oil patch, including McKenzie County, according to recently released information from the North Dakota Tax Department.
Both Watford City and McKenzie County saw taxable sales and purchases plummet by 40 percent in 2020 compared to record highs set in 2019, while Alexander saw an 18 percent decline.
In 2020, McKenzie County saw its sales fall by just over $153.6 million to $226,324,113, while Watford City’s taxable sales and purchases fell by $141 million to $189,911,569. Alexander saw its sales drop by $3.25 million to $14,649,316.
Statewide, North Dakota saw its taxable sales and purchases fall 13.7 percent to $$18.6 billion.