Business Taxes

The following are taxes on businesses for different aspects of the business:

• Business Personal Property Tax: $3.50 per $100 of assessed value
• Machinery and Tools Tax: $3.50 per $100 of assessed value
• Motor Carriers: $3.50 per $100
  • Adjusted with mileage report
• Real Estate Tax: $0.77 per $100

Guidelines

• Business Equipment: assessed on a sliding scale based on original cost.
• Farm Equipment: assessed at 25% of original cost.
• Proration begins January 1, 2013 - does not apply to business equipment

Business Professional Occupation License

• All businesses are required to register with the Commissioner of the Revenue's Office.
• Gross Receipts determine liability.
• County Businesses: Business, Professional, and Occupational Licenses (BPOL) Tax Begins After $300,000. However, all businesses are required to file their gross receipts annually with the Commissioner of the Revenue's Office.

Tax Rates Per Dollar

• Contractor: 0.0013
• Fortune Teller: $500 Flat Rate
• Professional: 0.0049
• Public Service: 0.0050
• Retailer: 0.0015
• Service: 0.0022
• Wholesaler: 0.0005