Adams County has passed an ordinance to exempt 100% of a taxpayer's assessed value of inventory. In essence after a business files for the exemption there is no property tax paid for inventory.

PROPERTY TAX RATES FOR 2002 PAYABLE 2003

Incorporated Areas

Decatur

Decatur Root

2.7492

Decatur Washington

2.7825

Monroe
Monroe Washington 2.1657

Monroe Monroe

2.1343

Berne

  

Berne Monroe

2.5412

Berne Wabash

2.5556

Geneva

 2.7437
Unincorporated Areas

N. Blue Creek

1.7543

S. Blue Creek

1.8499

N. French

1.7365

S. French

1.8321

Hartford

 1.8777

Jefferson

 1.8609

Kirkland

 1.7639

N. Monroe

1.7309

S. Monroe

1.8265

Preble

 2.0576

Root

 2.0101

St. Mary's

1.7708

Union

 2.0675

N. Washington

1.8408

S. Washington

1.7654

(Property Tax Rates are gross rates. Deductions for SPTRC and Homestead credits must be subtracted to obtain the final tax rate.)

Individual County

 

 

 (COIT) County Option Income Tax .006
 
 (CEDIT) County Economic Dev. Income Tax .00524

Total

 .01124
Percentage of Income
 1.124%
   
Individual State  

 

 Indiana Adjusted Gross Income Tax 3.4%

 

 (Individuals, partners, shareholders in S-corporations and non-residents w/ IN income)  

 

 Corporate Adjusted Gross Income Tax 8.5%

 

 Sales & Use Tax 6.0%