Current Events at Ozark Border Electric Cooperative

OBEC 2022 Property Taxes

While cooperatives are exempt from state and federal income taxes because they operate on a non-profit basis (margins in the form of capital credits are returned to the members), they still pay sales and use taxes, employment taxes and property taxes.
Property Taxes are paid on things such as real property (the land and buildings where our five offices and warehouses are located), vehicles and the more than 6,000 miles of distribution lines, which bring electricity to you.
In 2022, Ozark Border Electric paid $1,512,974 in property taxes. This represents a 31% increase over the past ten years. Below is a list of the 2022 property taxes paid to counties and political subdivisions within the cooperative's service area.

County
Bollinger $33,286
Butler $558,803
Carter $165,027
Dunklin $128,612
New Madrid $30,084
Oregon $2,080
Reynolds $17,068
Ripley $283,341
Shannon $1,613
Stoddard $188,585
Wayne $104,475

TOTAL $1,512,974