| Taxes |
|
Real Estate and Personal Property Taxes
|
Taxes are levied annually by the taxing bodies in the State of Wisconsin on the equalized assessed value of both real estate and personal property. Following are the current rates for Green County communities.
|
| Municipality | Equalized Tax Rate |
| Albany |
$24.73 |
| Brodhead |
$25.31 |
| Brooklyn |
$21.20 |
| Monroe |
$27.02 |
| Monticello |
$22.56 |
| New Glarus |
$28.41 |
| State Average |
$21.43 |
| *Source The Wisconsin Taxpayer |
|
Computers and related equipment - Exempt
|
Manufacturing machinery & equipment - Exempt
|
Manufacturing inventories - Exempt
|
Merchant's inventories - Exempt
|
Pollution controls equipment - Exempt
|
Personal Income Tax (2001) (married, filing jointly)
|
$0-$10,630 4.60%
|
$10,631-$21,260 6.15%
|
$21,261-$153,520 6.50%
|
$153,520+ 6.75%
|
Long-term capital gains exclusion 60%
|
Corporate Income Tax
|
Flat rate of 7.9% of taxable income as apportioned to Wisconsin. Business income is generally apportioned to Wisconsin based on the ration of property, payroll and sales within and without Wisconsin.
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Weighted Apportionment Factors:
|
Sales 50%
|
Property 25%
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Payroll 25%
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A recycling tax surcharge of 2.75% is also imposed. ($25 minimum, $9,800 maximum)
|
Capital Value Tax
|
Wisconsin does not impose a tax on capital stock value.
|
State Sales/Use Tax
|
Wisconsin imposes a tax on the retail
sale or use of most tangible personal property and
many services in the state. The rate of tax is 5%.
Green County has a .5% county sales tax..
|
Manufacturing Machinery Exempt
|
Pollution Controls Equipment Exempt
|
Materials Consumed Exempt
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Manufacturing Energy Tax Credit
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State Unemployment Tax
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Experienced employer rates range from 0.02% to 8.5%, new employer rates vary by industry. Taxable wage base is $10,500.
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Workers Compensation Rates (Rates represent actual cost per $100 of payroll)
|
|
|
Code |
Description |
Wisconsin |
Illinois |
Michigan |
Minnesota |
|
|
|
|
(date effective) |
(7-1-00)
|
(7-1-00)
|
(1-1-00)
|
(4-1-00) |
|
|
|
2802 |
Carpentry Shop
|
$5.14 |
$8.00 |
$6.69 |
$5.38 |
|
|
|
2883 |
Furniture Mfg.
|
4.49 |
5.34 |
6.77 |
5.20 |
|
|
|
3022 |
Pipe/Tube Mfg.
|
4.34 |
5.60 |
6.13 |
8.75 |
|
|
|
3066 |
Sheet Metal Work
Shop |
4.94 |
6.73 |
5.97 |
9.10 |
|
|
|
3076 |
Metal Furniture
Mfg. |
4.42 |
6.02 |
3.52 |
6.25 |
|
|
|
3113 |
Tool Mfg.
|
2.06 |
2.95 |
2.71 |
3.40 |
|
|
|
3114 |
Tool
Mfg.-Finishing |
5.04 |
5.20 |
3.08 |
5.80 |
|
|
|
3179 |
Elec. Apparatus
Mfg. |
3.33 |
4.33 |
2.94 |
3.23 |
|
|
|
3400 |
Metal Goods Mfg.
|
5.18 |
5.50 |
6.31 |
7.23 |
|
|
|
3507 |
Agricultural
Machinery Mfg. |
3.77 |
7.65 |
4.49 |
6.33 |
|
|
|
3612 |
Pump & Engine Mfg.
|
3.27 |
4.69 |
2.56 |
5.05 |
|
|
|
3629 |
Prec. Mach. Parts
|
3.23 |
3.32 |
2.39 |
3.73 |
|
|
|
3632 |
Machine Shops
|
3.40 |
5.26 |
3.48 |
5.43 |
|
|
|
3643 |
Elec/Trans. Equip.
Mfg. |
2.49 |
5.14 |
2.61 |
3.23 |
|
|
|
3685 |
Instrument Mfg.
|
1.67 |
2.46 |
1.67 |
2.23 |
|
|
|
4239 |
Paper Mfg. |
2.47 |
5.94 |
3.57 |
6.60 |
|
|
|
4244 |
Corrugated
Container Mfg. |
3.52 |
5.82 |
3.73 |
5.38 |
|
|
|
4250 |
Paper Coating
|
1.78 |
4.90 |
2.06 |
2.05 |
|
|
|
4279 |
Paper Goods Mfg.
|
2.84 |
4.55 |
4.60 |
4.48 |
|
|
|
4299 |
Printing
|
2.61 |
4.15 |
2.34 |
4.98 |
|
|
|
4410 |
Rubber Goods Mfg.
|
4.97 |
6.27 |
4.53 |
9.18 |
|
|
|
4452 |
Plastic Fabricated
Products |
3.41 |
5.27 |
3.67 |
5.83 |
|
|
|
4459 |
Plastic-Sheets,
Rods |
2.97 |
4.38 |
3.42 |
6.98 |
|
|
|
4484 |
Plastics
Mfg.-Molded Products |
3.48 |
4.35 |
4.02 |
6.70 |
|
|
|
4693 |
Surgical/Pharm.
Mfg. |
1.62 |
2.22 |
2.23 |
2.70 |
|
|
|
4902 |
Sporting Goods
Mfg. |
3.13 |
3.77 |
2.33 |
10.73 |
|
|
|
7423 |
Aircraft Opr. All
Empl. |
3.32 |
6.26 |
2.62 |
7.15 |
|
|
|
8601 |
Engineers
|
0.70 |
1.13 |
0.72 |
1.58 |
|
|
|
8742 |
Outside
Salespersons |
0.52 |
0.49 |
0.39 |
1.15 |
|
|
|
8810 |
Clerical Office |
0.26 |
.30 |
.24 |
.33 |
|
|
|
|
Average |
$3.15 |
$4.60 |
$3.39 |
$5.21 |
|
|
*Wisconsin rates are uniform. Minnesota, Michigan and Illinois are assigned risk rates only. Individual insurance companies and specific corporations assign their own rates. Source: Wisconsin Compensation Rating Bureau, effective July 1, 2000
|
