|Personal Income Tax|
|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|
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||$1.7337-2.880|
Business property taxes are capped at 3% of the assessed value.
|Electricity (Industrial Avg.)||$.0715/kWh|
Source: Vectren Economic Development (Discounts may be available)
|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|
Source: Indiana Compensation Ratings Bureau