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| Murray Calloway
County Demographics: Tax Information |
Residences of Murray/Calloway County are located in
one of five scenarios of tax districts. There are two
school districts, city and county. The tax rate is
listed per $100 of assessed valuation (100% assessed).
A state sales tax is levied at the rate of 6% on the
purchase or lease price of taxable goods and on utility services. Local sales taxes are not levied in
Kentucky.
The Kentucky Constitution requires the state to tax all
classes of taxable property, and state statutes
allow local jurisdictions to tax only a few classes. All
locally taxed property is subject to county taxes and school district taxes (either a county school
district or an independent school district).
Property located inside city limits may also be subject
to city property taxes. Property assessments in Kentucky are at 100% fair cash value. Special local
taxing jurisdictions (fire protection districts,
watershed districts and sanitation districts) levy taxes
within their operating areas (usually a small
portion of the community or county).
Click
here for general fact sheets on federal, state and
local business and personal taxes.
State Property Tax Rates Per $100 Valuation, 2006
| Selected Class
of Property |
State Rate
|
Local Taxation
Permitted |
| Real Estate |
$0.1310 |
Yes |
| Manufacturing Machinery
|
$0.1500 |
No |
| Pollution Control
Equipment |
$0.1500 |
No |
| Inventories: |
|
|
| Raw
Materials |
$0.0500 |
No |
|
Goods in Process |
$0.0500 |
No |
|
Finished Goods |
$0.0500 |
Yes |
|
Goods-In-Transit |
Exempt |
Limited |
| Motor
Vehicles |
$0.4500 |
Yes |
| Other Tangible Personal
Property |
$0.4500 |
Yes |
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Source: Kentucky
Department of Revenue. |
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Local Property Tax Rates Per $100 Valuation, 2007
| Taxing
Jurisdiction |
Real
Estate |
Tangibles |
Motor
Vehicles |
| County
|
|
|
|
| Calloway |
$0.2345 |
$0.3106 |
$0.2810 |
| City |
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| Murray |
$0.3844 |
$0.3948 |
$0.3800 |
| School District
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| Calloway County
Schools |
$0.3780 |
$0.3990 |
$0.5210 |
| Murray
Independent Schools |
$0.5090 |
$0.5150 |
$0.5440 |
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Source: Kentucky
Revenue Cabinet. |
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Local Occupational License Taxes, 2008
Cities, counties and school districts may
levy an occupational license tax on the net
profits of businesses and/or on the salaries and
wages of employees earned in the jurisdiction.
Rates can vary between the two types of
occupational license taxes. Occupational license
taxes may be levied on businesses as either a
flat rate schedule or as a percentage of
apportioned net profits or gross receipts. Where
both the city and county levy an occupational
license tax, a credit may be given, at the
option of the local governments, for the amount
paid to the city against the occupational
license tax of the county. (Consult local
jurisdictions for further details.)
| Taxing
Jurisdiction |
Tax
Rate on Salaries/Wages |
Tax
Rate on Net Profits/Receipts
|
| County
|
|
|
| Calloway |
No tax |
No tax |
| City |
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| Murray |
No tax |
No tax |
| School District |
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| Calloway County
Schools |
No tax |
No tax |
| Murray
Independent Schools |
No tax |
No tax |
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Source: Kentucky
Society of Certified Public
Accountants. |
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