Taxes

Whether you are a new company relocating to Murray, Kentucky, or an existing company expanding here, there are tax incentives that may be available to you. Working with State and local officials, MCEDC will help your company take advantage of every opportunity to minimize your tax burden, legally and appropriately, while providing necessary services.

Our current tax structure already provides pro-business incentives. MCEDC will remain up to date on the changes to the current tax environment and will always focus on providing the most up-to-date information to you.

New Market Tax Credit eligible
Opportunity Zone
No local taxation on manufacturing machinery
No local taxation on raw material or goods in process
Property Tax exemptions eligible

Learn more about State Property tax rates and local property tax rates in the chart below.

State Property Tax Rates Per $100 Valuation

Class of property	State Rate	Local Taxation Permitted
Real Estate	$0.1220	Yes
Manufacturing Machinery	$0.1500	No
Pollution Control Equipment	$0.1500	No
Inventories: Raw Materials	$0.0500	No
Inventories: Goods in Process	$0.0500	No
Inventories: Finished Goods	$0.0500	No
Inventories: Goods-in-Transit	exempt	Limited
Motor Vehicles	$0.4500	Yes
Other Tangible Personal Property	$0.4500	Yes

Source: Kentucky Department of Revenue

Local Property Tax Rates Per $100 Valuation

Taxing Jurisdiction	Real Estate	Tangibles
Calloway County	$0.1350	$0.1546
City of Murray	$0.3154	$0.3154
Calloway County School District	$0.4630	$0.4630
Murray Independent School District	$0.7090	$0.7090

Source: Kentucky Department of Revenue

Click here to learn more about Kentucky business taxes

Click here to learn more about US federal business taxes

PO Box 1476
926 North 16th Street, Suite 110
Murray, KY 42071
270-762-3789 270-752-7521

This email address is being protected from spambots. You need JavaScript enabled to view it.