GREENE COUNTY, Ind. (WTWO/WAWV) – Counties all across Indiana will begin an income tax increase on Oct. 1, five of those counties are in the Wabash Valley.
Last July Greene County approved an income tax increase of 0.00195 from the previous 0.0175.
“If you made $40,000 a year, your tax would increase by $600,” explained Greene County Commissioners President Nathan Abrams.
This increase is temporary and can only last up to 20 years, or until the bonds for the county’s $15 million jail project are paid off.
“The tax is for the purpose of paying for jail expansions or new jail facilities,” said Abrams.
Across the Wabash Valley in Clay County, an income tax increase of 0.0235 from the previous 0.0225 is permanent.
According to Clay County Council President Larry Moss, the funds will go toward public safety.
“It was done for, primarily to cover a short fall in the 9-11 fund,” he explained. “And also to cover for increases in cost of dispatching because we took upon ourselves the city of Brazil’s dispatching.”
According to the Clay County Auditor, a household with an income tax of $50,000 will see an increase in $50 in taxes.