Wednesday, July 26, 2023

Local Income tax impact info from Tuesday Council meeting on new EMS tax

 Dearborn County Local Income Taxes

Max Rates are 2.5%

Current Rates are: Total 1.4%  ( Remaining left is 1.1%)


Certified Shares- 0.6%- 2023 Revenue- $4,637,972

Public Safety - 0.4%- 2023 Revenue- $3,472,599

Economic Development- 0.0%- 2023 Revenue-$0

Correctional and Rehab Facilities- 0.2%- 2023 Revenue $3,070,524

Emergency Medical Services- 0.2%- 2023 Revenue $3.070,524


*Preliminary- Subject to change and to attached letter dated 7/21/2023


Example of annual income tax liability for the new EMS tax:

Gross income

$50,000- $94

$75,000- $141

$100,000-$168

$150,000- $282

$200,000-$376