Northeast Indiana Regional Partnership Unveils Rolling 3-Year Strategic Plan: The plan presents forward-looking strategies for positioning the 11-county region as the location of choice for all businesses and people determined to be tomorrow’s market leaders.

Taxes

Ranked by the Tax Foundation as one of the best tax environments in the United States, Indiana’s business-friendly tax climate creates a thriving landscape for innovative businesses and growth. Compared to surrounding states, Indiana boasts a total tax burden lower than Ohio, Illinois, Wisconsin and Michigan. 

State Taxes

Creating an environment that’s good for business is something Indiana takes seriously. Due to legislation in 2011, Indiana’s corporate income tax rate fell by 2 percent. This was the continuation of a scheduled multiyear reduction, which will ultimately see the corporate income tax rate reduced to 4.9 percent by 2022, which would make Indiana’s the second-lowest corporate tax rate of any state levying the tax.

Indiana Taxes

Source: State of Indiana

Local Taxes

Property taxes in Northeast Indiana vary by township and range. Pursuant to state law, property taxes are capped at 1% of assessed value for homesteads, 2% for other residential and agricultural properties and 3% for business property. 

Property tax rates on real and personal property are frequently abated for up to 10 years to support economic development projects.

We are frequently recognized as having one of the most business-friendly tax climates in the country.

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