My Report

Taxes & Business Costs


Local Property Tax

 

Sales Tax

  • Sales Tax: 6%

 

State Property Tax

State Property Tax Rates Per $100 Valuation, 2015
Selected Class of Property State Rate
Real Estate $0.1220
Manufacturing Machinery $0.1500
Pollution Control Equipment $0.1500
Inventories:  
Raw Materials $0.0500
Goods in Process $0.0500
Finished Goods $0.0500
Goods-In-Transit Exempt
Motor Vehicles $0.4500
Other Tangible Personal Property $0.4500
Source: Kentucky Department of Revenue

 

Payroll Taxes

  • Marshall County: 1%
  • Marshall County Schools: 0.5%
  • City of Benton: 0.5%
  • City of Calvert City: 0.5%

 

State Income Tax

  • State Income Tax Rate: 6%

 

Unemployment Insurance

  • Unemployment Insurance Wage Base: $9,900 at 2.7%

 

Source of Business and Labor Numbers: The Next Move Group, LLC

 

Kentucky Lake Economic Development
in Marshall County
270.527.2009 • fx: 270.527.9896 • cell: 270.493.1958 • email
1101 Main Street • Benton, Kentucky 42025

Like Us on FacebookFollow Us on Linkedin