Currently, Indianapolis has a 7% sales tax. A state tax of 6% and a local tax of 1% are included in this rate. A county tax of 0.25% plus a Marion County tax of 0.75% make up the local tax. The majority of products and services, including apparel, electronics, and food, are subject to the sales tax.
It is significant to remember that Indiana does allow for sales tax exemptions. For instance, groceries are exempt from sales tax, while other things like certain kinds of machinery and medical equipment are also eligible for exemptions. To ensure compliance with state regulations, it is crucial to learn about and comprehend these exemptions. In Ohio’s Clermont County, there is a sales tax.
In Ohio’s Clermont County, the current sales tax rate is 7.25%. State tax of 5.75% and local tax of 1.5% are both included in this rate. The municipal tax is composed of a 0.5% transit tax and a 1% county tax. The majority of products and services, including apparel, electronics, and food, are subject to the sales tax.
Ohio offers the same sales tax exemptions as Indiana. For instance, there are exemptions available for farmers, manufacturers, and specific types of machinery, as well as exemptions for foodstuffs and prescription medications.
It is crucial to investigate and comprehend the rates in your area because sales tax rates can vary greatly between states and even between counties. In Clermont County, Ohio, the sales tax rate is 7.25%, compared to 7% in Indianapolis. You may make informed purchasing decisions and prevent overpaying for items by being aware of the sales tax rates and exemptions.