Tax Data

Personal Income Tax
State Rate 3.3%
Vanderburgh County Resident 1%
Vanderburgh County Non-Resident 0.25%
Rates are applied to adjusted gross income and do not vary based on income.

 

Corporate Adjusted Gross Income Tax
Gross Rate 6.25%
Rates are applied to adjusted gross income and do not vary based on income. Various incentives are available to eligible companies to reduce this rate.

 

Sales and Use Tax
Sales and Use Tax 7.00%
Exemptions include: Manufacturing raw materials, manufacturing equipment, utilities and other consumables used in production and environmental control equipment used by manufacturers. Most services are not subject to tax.

 

Real & Personal Property / Per $100 AV
Median Tax Rate $2.12
Range by Taxing Districts $1.7337-2.880
Business property taxes are capped at 3% of the assessed value.

 

Electricity
Electricity (Industrial Avg.) $.0715/kWh
Source: Vectren Economic Development (Discounts may be available)

 

Unemployment Insurance
New Employer Rate 2.50%
Taxable Wage Base $7,000
Percentage rates may be lowered after 36 months of compliance, or raised due to non-compliance. $7,000 is the maximum taxable amount per employee.
Source: Indiana Department of Workforce Development

 

Workers’ Compensation (per $100 of payroll)
Average Rate for Manufacturing $2.19
Average Rate for Office $0.28
All Classes Average $1.37
Index Rate $1.16
Source: Indiana Compensation Ratings Bureau