Tax Structure
Indiana State Corporate
Adjusted Income Tax
Taxpayer: Most corporations doing business in Indiana,
except businesses subject to the Financial Institutions Tax,
international banking facilities, subchapter S corporations, and
federally tax-exempt not-for-profits.
Tax Base: Federal taxable income with eight (8) modifications:
1. subtract any income that the federal law or Constitution prohibits
Indiana from taxing.
2. add deductions allowed for charitable contributions under federal
law.
3. add deductions allowed under federal law for state income taxes.
4. apportion income to Indiana based on the average percentage of
property owned in Indiana, of payroll paid in Indiana, and of sales
volume attributable to Indiana.
5. make an adjustment to disallow the federal bonus depreciation.
6. add deduction allowed under Sections 172 and 810 of IRC.
7. add amounts attributable to increased Section 179 property deduction
limits.
8. add education allowed for domestic production activities.
Tax Rate: 8.5%
Source: Indiana Department of Revenue
Elkhart County Adjusted Gross Income Tax (CAGIT)
1.5% for resident taxpayers
0.5% for non-resident taxpayers
Source: Elkhart County Auditor
Elkhart Economic Development Income Tax (CEDIT)
0.25%
Source: Elkhart County Auditor
Elkhart County Property Tax
Note: Tax rates effective through March 2008
|
Tax District Name |
2007 Tax Rate |
|
|
|
||
Baugo Township |
2.5450 |
|
|
Benton Township |
2.1411 |
|
|
Bristol Town |
2.6648 |
|
|
Cleveland Township |
2.2257 |
|
|
Clinton Township |
2.0888 |
|
|
Concord Township |
2.4379 |
|
|
Elkhart City - Baugo Township |
3.9464 |
|
|
Elkhart City – Cleveland Township |
3.4889 |
|
|
Elkhart City – Concord Township |
3.6135 |
|
|
Elkhart City – Concord Township |
3.4731 |
|
|
Elkhart City – Osolo Township |
3.4578 |
|
|
Elkhart Township |
2.3516 |
|
|
Goshen City – Concord Township |
3.1966 |
|
|
Goshen City – Elkhart Township |
3.2095 |
|
|
Goshen City – Harrison Township |
3.1556 |
|
|
Harrison Township |
2.2890 |
|
|
Jackson Township |
2.1553 |
|
|
Jefferson Township |
1.9062 |
|
|
Locke Township |
2.1586 |
|
|
Middlebury Town |
2.6087 |
|
|
Middlebury Township |
2.0889 |
|
|
Millersburg Town – Benton Township |
2.7822 |
|
|
Millersburg Town – Clinton Township |
2.7741 |
|
|
Nappanee City – Locke Township |
3.2936 |
|
|
Nappanee City – Union Township |
3.2726 |
|
|
New Paris Conservancy District |
0.3701 |
|
|
Olive Township |
2.2717 |
|
|
Osolo Township |
2.1912 |
|
|
Union Township |
2.4071 |
|
|
Wakarusa Town – Harrison Township |
2.9554 |
|
|
Wakarusa Town – Olive Township |
2.9557 |
|
|
Washington Township |
2.0948 |
|
|
York Township |
1.8832 |
Source: Elkhart County Auditor, David Hess