Highly-cooperative, low-cost government

Government can either get in the way of doing business, or it can make business easier. Noblesville’s elected officials and government agencies clearly understand the value a healthy business community provides. That’s why they work cooperatively to help businesses have the resources they need to grow, and to ensure that growing companies don’t face roadblocks. Those local attitudes are bolstered by a strong county government and Indiana’s reputation as a business-friendly state.

Attentive approaches and business-focused efforts (such as right-to-work status) have helped our community and state grow strong. While we have comparatively low taxes, Indiana has been able to maintain a AAA credit rating. The City of Noblesville has earned an outstanding AA rating from Standard and Poor’s. Add in affordable land and buildings and low workers’ comp rates, and it’s easy to see what brings so many companies here — and why they prosper.

Indiana Corporate Income Tax
  1. Tax Rate
  1. 6.5% of Federal Adjusted Gross Income (will be lowered to 4.9% over the coming years)

 

Indiana Personal Income Tax
  1. Tax Rate
  1. 3.23% of Federal Adjusted Gross Income

 

Indiana Sales and Use Tax
  1. Tax Rate
  1. 7.0% Exemptions: Manufacturing raw materials and equipment, power, electricity and utilities. Wholesale sales, items used directly in production and sales made in interstate commerce. Purchase of R&D equipment.

 

Property Tax
  1. Real Property
  2. Personal Property
  3. Noblesville Tax Rate
  1. Assessed at 100% of Market Value
  2. Assessed at 100% of Market Value
  3. $2.76 per $100 of Assessed Value

 

Unemployment Insurance
  1. New Employer Rate
  2. Taxable Wage Base
  1. 2.5% for first 36 months—after which a variable merit rate is calculated
  2. $7,000

 

Worker’s Compensation
  1. Avg Rate by Industry Group
  1. Manufacturing—$2.22, Contracting—$4.06, Office—$.26, Goods & Services—$1.93, Misc—$3.83, All Class Avg—$1.42

 

Local Personal Income Tax
  1. Hamilton County Resident
  2. Non-Resident
  1. 1.0%
  2. 1.0%
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