Gasoline Tax: 68.19 cents/gallon (Includes all state, local, and federal taxes)
Diesel Fuel Tax: 78.40 cents/gallon (Includes all state, local, and federal taxes)
Personal Income Tax
Personal Income Tax Rate Range: 3.23% (3.15% effective 2023)
Standard deduction: None
Personal Exemption Allowance: $1,000. Dependent Exemption: $1,000 (may be able to take an additional $1,500 for certain dependents. Age 65 and over or blind: $1,000)
Itemized Deductions Allowed?: Generally not allowed
State allows county- and city-level income tax.
Social Security: Exempt
IRAs: Taxable at ordinary income tax rates
401Ks/Defined contribution employer retirement plans: Taxable at ordinary income tax rates
Private pensions: Taxable at ordinary income tax rates
Public Pensions: Taxable at ordinary income tax rates except federal pensions for taxpayers 62 and older who may deduct $16,000 from Adjusted Gross Income less Social Security
Active Duty Pay: Up to $5,000 exempt. Remainder taxable to the extent included in federal AGI
Military Retirement Pay: Exempt.
Military Disability Pay: Exempt
VA Disability Dependency & Indemnity Compensation Benefits: Exempt
Local municipalities average .85% of the property's assessed value.
Calculation of assessed value: 100% of fair market value
Relief programs for:
Owner-occupied: Can exempt the lesser of 60% of assessed value or $45,000; supplemental deduction of 25% to 35% available.
65 and over: Can exempt the lesser of half of assessed value or $14,000 if income less than $30,000 ($40,000 for married filing jointly) and assessed value is under $200,000 ($240,000 starting in 2023).
65 and over Freeze: Assessed value cannot increase more than 2% if income less than $30,000 ($40,000 for married filing jointly) and assessed value is under $200,000.
Disabled Veterans/Surviving Spouse (not remarried): Can exempt up to $24,960 of assessed value if has service-connected disability of at least 10% (WWI surviving spouse: $18,720).
Totally Disabled Veteran or Veteran 62 or over with service-connected disability of 10% or more; Blind/Disabled: Can exempt $12,480 of assessed value if income less than $17,000.
Personal Property Tax: Yes. Rates and exemptions vary.