Making a commitment to eliminate a burdensome tax system, Ohio in 2005 implemented full-scale, sweeping tax reform. Ohio's new business taxation model will mean a reduction in tax burden of up to 63% by 2010, the first year reform is fully implemented.
Ohio's new tax system means businesses can:
With these reforms, Ohio and communities like Wapakoneta will become even more competitive. Ohio's favorable business climate and high quality of living, combined with low business and personal costs, make us an increasingly viable location for business growth.
Ohio is one of the top five states ranked with the lowest effective tax rate on new investment
An Ernst & Young analysis of key manufacturing and service industries in these Midwestern states -- Illinois, Indiana, Michigan, Minnesota, and Wisconsin -- found that:
STATE TAXES
Corporate Income Tax - None
Corporate Franchise Tax - None
Gross Receipts Tax - The Commercial Activities Tax (CAT) is 0.26% on sales within the State of Ohio. Sales outside of Ohio are exempt. The first $1 million in eligible sales are exempt from the CAT.
Personal Income Tax - Nine bracket system with a bottom bracket of .0587% for income under $5,000 and a top bracket of 5.925% for income over $250,000. This reflects a 21% reduction through 2009.
Sales and Use Tax - 5.50% on taxable purchases
Sales and Use Tax on Production Machinery & Equipment - Exempt
Learn more about Ohio's tax rates
Wapakoneta and Auglaize County, Ohio have some of the lowest tax rates in the U.S. They help our local businesses reduce their operating cost and increase profitability.
Sales and Use Tax - 7.0% (state and county)
Income Tax -2.25% (city. 1.5% and school district, .75%)
Real Estate Tax - $44.90 per $1000 of tax value with 35% assessment (city, county, school & township)
Personal Property Tax - None
Sales and Use Tax - 1.5% on taxable purchases
Personal Income Tax - None
Personal Property Tax - None
Learn more about Auglaize County taxes
Sales and Use Tax - None
Personal Income Tax - 1.5% for residents and individuals working in Wapakoneta
Real Estate Tax - $3.25 per $1000 of tax value with assessment at 35%
Personal Property Tax - None
Personal Income Tax - 0.75%, applies to school district residents only
Personal Property Tax - None
Personal Income Tax - None
Personal Property Tax - None