Business Taxes

The following are taxes on businesses for different aspects of the business:
  • Business Personal Property Tax: $3.80 per $100 of assessed value
    • The High Mileage Reduction begins January 1, 2013 and only applies to pick-ups, autos with latest copy of state inspection showing over 100,000 miles
    • Pickups, Autos, etc. assessments are 100% the NADA clean trade
  • Machinery and Tools Tax: $3.50 per $100 of assessed value
  • Motor Carriers: $3.50 per $100
    • Adjusted with mileage report
  • Real Estate Tax: $0.82 per $100

Guidelines


  • Business Equipment: assessed on sliding scale
  • Equipment assessed at 22% original costs
    • Heavy Equipment assessed on sliding scale
    • Farm Equipment assessed on sliding scale
    • Larger Business Trucks/Heavy Equipment assessed on sliding scale
  • 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 $150,000. However, all businesses are required to file their gross receipts annually with the Commissioner of the Revenue's Office.

Tax Rates Per Dollar


  • Contractor: 0.0012
  • Fortune Teller: $500 Flat Rate
  • Professional: 0.0049
  • Public Service: 0.0050
  • Retailer: 0.0015
  • Service: 0.0019
  • Wholesaler: 0.0005