Taxes and 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%
Add to Report View Custom Report