StateBook International®

The Definitive Site for Site Selection

Tax Advantages

Our area has specific tax credits for certain types and sizes of new businesses and operations. Please contact the HMCIDA office for more information at (859) 734-0063.

Regulations & Permits

For many permitting questions please start with Fiscal Court at 859-734-6300.

Did You Know?

  • Mercer County has one of the lowest property tax rates in the state of Kentucky.

Data Name Value
State Tax Ranks (Kentucky)
Overall 33
Corporate Tax 27
Individual Income Tax 29
Sales Tax 14
Unemployment Insurance Tax 36
Property Tax 47
State Sales Tax Rates (Kentucky)
Sales Tax 6.000%
Are Localities Permitted to Define the Tax Base? No
State Unemployment Insurance Tax Rates (Kentucky)
Minimum 0.6000%
Maximum 9.7500%
Taxable Wage Base $10,200
Most Favorable Schedule - Minimum 0.3000%
Most Favorable Schedule - Maximum 9.0000%
Least Favorable Schedule - Minimum 1.0000%
Least Favorable Schedule - Maximum 10.0000%
State Property & Capital Stock Tax Rates (Kentucky)
Property Tax Collections Per Capita $732
Property Tax Collections - Percentage of Income 1.96%
Capital Stock Tax Rate None
Capital Stock Maximum Payment N/A
Payment Options for CST and CIT N/A
Real Estate Taxes
Median Real Estate Taxes Paid   $1,136
State Income Tax Rates (Kentucky)
Corporate  
≥ $0 4.000%
≥ $50,000 5.000%
≥ $100,000 6.000%
Individual (Ordinary Income)  
≥ $0 2.000%
≥ $3,000 3.000%
≥ $4,000 4.000%
≥ $5,000 5.000%
≥ $8,000 5.800%
≥ $75,000 6.000%