Meeting minutes 2026-01-13

Summary

The report provides an analysis of the estimated 2028 local income tax rates and impact in Tippecanoe County, Indiana. It includes estimated tax distributions, rates, and revenues for various entities, such as townships, libraries, and fire protection districts. The report also compares the estimated 2028 tax rates and revenues to the 2026 rates and revenues. The analysis is based on 2024 income levels and takes into account the maximum combined tax rate of 1.70% and the maximum total rate of 2.90%. The report aims to provide a comprehensive understanding of the local income tax structure and its implications for the county and its residents.

Details

Subject

Local Income Tax

Summary

The report provides an analysis of the estimated 2028 local income tax rates and impact in Tippecanoe County, Indiana. It includes estimated tax distributions, rates, and revenues for various entities, such as townships, libraries, and fire protection districts. The report also compares the estimated 2028 tax rates and revenues to the 2026 rates and revenues. The analysis is based on 2024 income levels and takes into account the maximum combined tax rate of 1.70% and the maximum total rate of 2.90%. The report aims to provide a comprehensive understanding of the local income tax structure and its implications for the county and its residents.

Report Date

2025-01-09

Report Type

study

Report Title

Income Tax Analysis: Estimated 2028 Tax Rates and Impact

Authoring Body

Tippecanoe County, Indiana

Reporting Period

2024-2028