8/5/2023 0 Comments Ohio income tax brackets 2022The table below shows the marginal rate paid on taxable income for filers in Ohio. These rates vary from half a percent of taxable income, up to 3.99%. Like the federal government, Ohio collects taxes based on income “brackets.” That is, the higher a taxpayer’s income, the higher rate the person pays. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. In all, the state and local tax burden for the average Ohio taxpayer is slightly above the national average, but that burden varies depending on what city and county a taxpayer calls home.Ī financial advisor can help you understand how taxes fit into your overall financial goals. Similarly, Ohio’s statewide sales tax rate is 5.75%, but when combined with county sales tax rates ranging from 0% up to 2.25%, the total average rate is 7.25%. Alone, that would place Ohio at the lower end of states with an income tax, but many Ohio municipalities also charge income taxes, some as high as 3%. For the 2022 tax year, which you file in early 2023, the top rate is 3.99%. Starting in 2005, Ohio’s state income taxes saw a gradual decrease each year. Gas tax: 38.50 cents per gallon of regular gasoline and 47.00 cents per gallon of diesel.Property tax: 1.41% average effective rate.
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