Tax Structure

A competitive tax structure in Ohio and Wayne County creates a business climate encouraging growth and development.  

State Taxes
A new report by the Quantitative Economics and Statistics Practices (QUEST) of Ernst & Young in conjunction with the Council On State Taxation (COST), ranks Ohio as third in the nation for friendliest tax environment. The study, “Competitiveness of state and local business taxes on new investment,” provides a state-by-state comparison of tax liabilities. The top five states ranked with the lowest effective tax rate on new investment are: (1) Maine (3.0%); (2) Oregon (3.8%); (3) Ohio (4.4%); (4) Wisconsin (4.5%); and (5) Illinois (4.6%).

Ohio won’t tax your profits.
Zero corporate profit and franchise taxes means reduced operating costs and enhanced profit margins.

  No tax on out-of-state sales.
Ohio doesn’t impose a tax on goods or services sold outside of the state.

Tax free machinery & equip.
Zero tax liability on new capital investments in M&E.

  Small business benefits.
The first $1 million in gross receipts are tax-free in Ohio.
Zero tax burden on inventory.
If your business holds inventory in Ohio, it’s completely tax free.
 

Ohio's flat tax is easier.
A flat tax is sales are between $150,000 and
$1 million.

Local Taxes
Wayne County and it's municipalities have adopted a probusiness tax structure benefiting it's residents and businesses.  The overall tax rate ranks among of the lowest in the state and the midwest.

County Sales Tax Rate
Wayne County: 6.5%

 

Municipal Income Tax Rates
Orrville City: 1.0%
Rittman City: 1.5%
Wooster City: 1.5%.

 

Wayne County shares the lowest sales tax rate in the state with only four other counties at 6.5%.

 

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