Taxes

Local Taxes

City Sales Tax............ 1.50%

Property Tax - calculatored on:

• Earning capacity of the property
• Relative location
• Desirability and functional use
• Reproduction cost less depreciation
• Comparison with other properties of recognized value
• Market Value in the ordinary course of trade (greatest emphasis is placed on this factor)
• Zoning

Grand Island and Hall County are committed to providing the best services at the least cost to their citizens. Source: Hall County Assessor, revised 10/09.

State Taxes

Sales and Use Tax - 5.5%
Individual Income Tax - Top rate of 4.1% on $50,000
Corporation Income Tax - Corporations pay 5.8% on <$100,000 and 7.81% on >$100,000
Corporate Occupation Tax - Varies according to the amount of authorized capital stock