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%
