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|Selected Class of Property||State Rate|| Local Taxation
|Pollution Control Equipment||$0.1500||No|
|Goods in Process||$0.0500||No|
|Other Tangible Personal Property||$0.4500||Yes|
|Taxing Jurisdiction||Property Taxes
Per $100 Valuation
|Real Estate||Tangibles||Motor Vehicles|
|City of Springfield||$0.1524||$0.1524||$0.1480|
|Washington County School District||$0.5890||$0.5890||$0.5500|
Source: Kentucky Revenue Cabinet.
Cities, counties and school districts may levy an occupational license tax on the net profits of businesses and/or on the salaries and wages of employees earned in the jurisdiction. Rates can vary between the two types of occupational license taxes. Occupational license taxes may be levied on businesses as either a flat rate schedule or as a percentage of apportioned net profits or gross receipts. Where both the city and county levy an occupational license tax, a credit may be given, at the option of the local governments, for the amount paid to the city against the occupational license tax of the county. (Consult local jurisdictions for further details.)
|Taxing Jurisdiction||Tax Rate on Salaries/Wages||Tax Rate on Net Profits/Receipts|
|City of Springfield||1.00%||1.00%|
|Washington County School District||Not Tax||No Tax|
Source: Kentucky Society of Certified Public Accountants.