County Tax Burden Rated Second Lowest in Indiana

County Tax Burden Rated Second Lowest in Indiana

Switzerland County’s historically low tax rates are now the second lowest in Indiana, according to a prominent online financial data group. Smartasset is a financial technology company that provides financial data to businesses and individuals to allow for more informed decisions on matters ranging from which community a business should choose to locate to what neighborhood an investor should chose for a project. The company’s website provides a variety of comparison tools, including a comparison of Indiana property tax rates by county.

Switzerland County’s overall tax burden was second lowest among 92 counties. The overall tax burden is combination of Income Taxes, Property Taxes, Sales Taxes, and Fuel Taxes. The purpose of the measurement is to determine what communities offer the best value for a locating business or individual.

In terms of Property Taxes. Switzerland County has make strategic investments to help keep rates low. Investments into the Switzerland County School Endowment have allowed the Switzerland County School Corporation to keep debt service off of the property tax bill. Investments in economic development, like the Markland Business Park bring new taxpayers into Switzerland County to lower the overall tax burden for other residents and businesses. Workforce investments, like the Switzerland County Technology and Education center allow county residents to earn more money by developing new skills and credentials. This results in a smaller percentage of their income going to taxes and, in some cases, dollars saved on public services. More information on the study can be found at https://smartasset.com/taxes/indiana-tax-calculator#us/tax.