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1 sty 2024 · Rates range from 0.50 percent to 2.25 percent, with a median rate of 1 percent. Excluding Fayette and Jefferson, counties collected a total of $353.5 million in occupational license fees on payroll and net profits in FY 2022, making up 42.7 percent of all tax revenue.
You will note from the chart above that the tax levy for 2022 (in both scenarios) has increased significantly since 2020 and 2021; however, the equalized tax rate for general operations has decreased and the debt tax rate has increased modestly. The reasons for this are 6% increases in equalized values for 2021 and 2022, as well as the addition of
The financial statements of the City of Beaver Dam, Kentucky’s primary government (City) have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) as applied to government units.
About. In 2022, Beaver Dam, KY had a population of 3.54k people with a median age of 45.1 and a median household income of $48,991. Between 2021 and 2022 the population of Beaver Dam, KY declined from 3,546 to 3,535, a −0.31% decrease and its median household income grew from $46,624 to $48,991, a 5.08% increase.
8 sty 2024 · Four Kentucky Localities updated their occupational tax rates for 2024, all effective Jan. 1. The city of Bowling Green in Warren County increased its occupational tax rate to 2% from 1.85%. Employers must report separate occupational taxes for the city of Bowling Green and Warren County.
Census data for Beaver Dam, KY (pop. 3,535), including age, race, sex, income, poverty, marital status, education and more.
Occupational license taxes may be imposed as a percentage of gross earnings (payroll) on all persons working within the city or on gross receipts or net profits on all businesses within a city. A flat annual rate may also be used by cities, which is often referred to as a business license fee.
