Taxes - New Castle, Indiana

Subject to approximately 20% Property Tax Replacement Credit:
PROPERTY TAXES 		
City                   $9.61 net tax rate
Township          $5.99 net tax rate

Local property taxes are assessed on a base of 1/3 true cash value
current rates for adjacent townships available on request.
State sales tax 5% on all retail sales - food products exempt.
County Option Income Tax (COIT) 1% on individual (not corporate) adjusted gross income. 
Innskeeper tax - 5% - funds to support tourism industry. 
Food and Beverage Tax - 1% - for tourism and economic development.