by: Reed Parker, Inside INdiana Business
Posted: Dec 18, 2020 / 9:50 AM EST / Updated: December 18, 2020 / 9:50 AM EST
INDIANAPOLIS (Inside INdiana Business) – In six counties in central and southern Indiana, income tax rates will rise over the next year. The Indiana Treasury Department says local income taxes are set by county officials and sent to them for review.
The affected counties and their new rates:
- Martin County: 0.025 (increased from 0.0175)
- Owen County: 0.016 (increased from 0.014)
- Randolph County: 0.025 (increased from 0.0225)
- Shelby County: 0.016 (increased from 0.015)
- Switzerland County: 0.0125 (increased from 0.01)
- Union County: 0.02 (increased from 0.0175)
According to the DOR, tax rates have an impact on doing business with employees who live or work in these countries and who have income tax deductions.
A list of all current Indiana county prices can be found here.