Tax Structure
Real Property (per $100 of fair market value in use)
Median Tax Rate $1.83/$100
Range by Taxing Districts $1.31-$2.29/$100
Personal Property (per $100 of fair market value in use)
Median Tax Rate $1.99/$100
Range by Taxing District $1.44-$2.67/$100
(Indiana eliminated the inventory tax in 2007)
Corporate Adjusted Gross Income Tax
Net Effective Rate 8.50%
Corporate Franchise Tax None
Personal Income Tax
Rate 3.40%
Local Option Tax 1.15% (resident)/0.40% (non-resident)
Sales and Use Tax 7.00%
Exemptions include manufacturing raw materials, manufacturing equipment, utilities and other consumables used in production and environmental control equipment. Most services are not subject to the sales tax.
Unemployment Insurance
New Employer Rate 2.70%
Experience Employer Average Rate 1.30%
Taxable Wage Base $7,000
Workers’ Compensation (per $100 of payroll)
Average Rate for Manufacturing $2.46
Average Rate for Distribution $3.71
Average Rate for Office $.027