2020 Wells County Property Tax Rates (Varies by Township and City)

 
Township Tax Rate

Chester  1.0783
Poneto-Chester  1.9452
Harrison  1.3127
Bluffton-Harrison  1.7240
Ponteo-Harrison  2.1080
Vera-Cruz  1.4427
Jackson 1.0549
Jefferson  1.2809
Ossian 1.5710
Lancaster  1.3228
Bluffton Lancaster-Norwell 1.7341
Bluffton Lancaster-Bluffton Harrison 1.7352
Liberty 1.1551
Poneto-Liberty 1.9531
Nottingham 1.0834
Rockcreek 1.2577
Markle-Rockcreek 2.4230
Uniondale-Rockcreek 1.6237
Union 1.2613
Markle-Union  2.4100
Uniondale-Union  1.6227
Zanesville-Union 1.4862

Indiana Tax Information

Indiana ranks 1st in the Midwest and 5th nationally in the Chief Executive's "2018 Best and Worst State's for Business" (May 2018).

Indiana Ranks 2nd as the "Most Affordable State" according to U.S. News (May 2018)

Corporate Income Tax

The Corporate Adjusted Gross Income Tax is calculated at a flat 6.25 percent of adjusted gross income. Adjusted gross income is a company’s federal adjusted gross income with certain adjustments. This method of determination simplifies tax calculations for corporations and does not apply to S corporations and not-for-profit organizations.
* Indiana's corporate income tax rate is decreasing from the current 6.25% to 4.9% by 2021.

Gasoline and Diesel Fuel Taxes

The combined federal, state and local tax on gasoline in Indiana is $0.483 per gallon. The combined
federal, state and local tax on diesel fuel in Indiana is $0.632 per gallon.

Gross receipts and Inventory Tax

Indiana has no gross receipts tax and no inventory tax.

Individual Income Tax

Indiana’s personal income tax is 3.23 percent of federal adjusted gross income (with certain exemptions and deductions).
**Personal income tax rate decreased from 3.3% for 2015-2016 to 3.23% for 2017 and beyond.

Wells County personal income tax rate is 2.1 percent, including County Economic Development Income Tax (CEDIT) .45% of Individual Adjusted Gross Income.

Sales and Use Tax

Indiana’s Sales and Use Tax is tax is calculated at a rate of 7%. In manufacturing, the following are exempt from the sales tax: raw materials, equipment, power, electricity, and utilities. Wholesale sales, items used directly in production, and sales made in interstate commerce are exempt. In addition, the purchase of research and development equipment is exempt from the tax.

Business Property Tax

There is a 3% cap on Indiana's business property tax.