Local and State Taxes (2006):

Village Income Tax:

2% plus .75% for residents within the Canal Winchester School District

Property Tax: (real property for commercial/industrial)

Franklin County at 63.284597 effective tax rate

Fairfield County at 51.345426 effective tax rate

Retail Sales and Use Tax:

6.75%

State Individual Income Tax:

.743% to 7.5%

Federal Excise and State Gasoline Tax:

$0.438 per gallon

State Corporate Franchise Tax:

0.04% on net worth, or 5.1% on first $50,000 of income plus 8.5% on net income in excess of $50,000, whichever figure is greater.  Maximum tax liability of $150,000

Local Information

Local Financial Information:

Bank One branch office

Huntington National Bank branch office

Fifth Third Bank branch office

Canal Banking Center

National City Bank

Business Support:

Main Street Canal Winchester: (614) 548-0001

CW Area Chamber of Commerce (614) 837-1556

CW Development Office: (614) 837-1894

Central Ohio Small Business Development Center: (614) 225-6066