The Indiana Department of Revenue released a notice of Indiana county tax rate changes, effective October 1, 2017.
Counties with increases are the following:
- Allen (county tax rate now 0.0148)
- Clinton (county tax rate now 0.0225)
- Fountain (county tax rate now 0.0210)
- LaGrange (county tax rate now 0.0165)
- Marion (county tax rate now 0.0202)
- Sullivan (county tax rate now 0.0060)
- Vermillion (county tax rate now 0.0150)
For example, Marion County rate increase is .0025. This is not a huge increase in percentage, but it is an increase of 14% over the prior rate. Someone making $500,000 of income in Marion County will pay an extra $1,250 in Marion County Income tax in 2018.
For any questions regarding an increase in income tax rates, contact your Somerset advisor or email us at .