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Tax Summary
- Indiana assesses a flat income tax of 3.4%.
- Personal exemption for a single individual is $1,000. Exemption for a married couple is $2,000. Dependents earn an exemption of $1,000 each.
- Many counties in Indiana also collect an income tax. Check with the local county offices to see if and when these apply.
- Sales tax in Indiana is 6%.
- Property taxes assessed on both real and personal property, assessed in most cases in dollars per $100 of value.
- Taxes are levied by schools, counties, townships, libraries and a variety of other entities in Indiana, making the total tax rate vary widely depending upon the location of the property.
- Personal property does not include home furnishings, but does include all types of motor homes, recreational vehicles, office machines and equipment.
- Qualifying homeowners can take a deduction of up to $2,500 on their property taxes on their place of residence against their income tax.
- There are inheritance taxes for any estates of over $100 unless left to a spouse or a charitable organization, in which case the estate is exempt.
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