Why Eau Claire?
Local Taxes
In comparison to the rest of the nation, Eau Claire has long been known for its low taxes.
Eau Claire's Taxation
| Corporate Income Tax |
7.90% |
| Sales Tax |
5.50% |
| Property Tax |
$21.855/$1,000 |
| Unemployment Insurance Tax |
0.27%-9.80% |
| New Employers Unemployment Compensation |
3.6% to 4.1% |
Side by Side State Tax Comparison
| Corporate Income |
Wisconsin |
Minnesota |
Illinois |
| Base: |
Net Income |
Net Income |
Net Income |
| Rate: |
7.9% Flat Rate (plus a recycling surcharge equal to 3% for corporations with at least $4 million in gross receipts. Minimum surcharge $25; maximum $9,800). |
9.8% (Plus a 5.8% tax on any alternative minimum taxable income over the base tax). |
9.5% flat rate (7% corporate tax plus a personal property replacement tax of 2.5%). |
| Apportionment: |
100% sales |
96% sales, 2% Property, and 2% Payroll. They are phasing in a single sales factor which will reach 100% by 2014. |
100% sales |
| Personal Income |
Wisconsin |
Minnesota |
Illinois |
| Rate: |
4.60% to 7.75% based on level of income |
5.35% - 7.85% based on level of income |
5% flat tax rate |
| Property Tax |
Wisconsin |
Minnesota |
Illinois |
| Base: |
Real property and tangible personal property (exemptions for machinery and equipment used in manufacturing, merchant and farm inventories, and computer hardware and software. |
Real property and a few select types of personal property, e.g. certain electric generating and transmission equipment. |
Real Property |
| Statewide Average Rate: |
Excluding Milwaukee County, estimated at $20.12 per $1,000 of full value. Rate for property in Milwaukee County is estimated at $26.20 per $1,000 of full value. |
The rate is estimated at $33 per $1,000 of full value for commercial-industrial property. |
Excluding Cook County, estimated at $20.00 to $30.00 per $1,000 of full value for commercial and non-commercial property. Cook County average commercial/industrial rate is estimated at $60.00 to $100.00 per $1,000 of full value. |
| Sales Taxes |
Wisconsin |
Minnesota |
Illinois |
| State Rate: |
5.000% |
6.875% |
6.250% |
| Average Local Option Rate: |
0.500% |
0.340% |
0.25% to 3.00% |
| Combined Rates: |
5.500% |
7.220% |
6.25% to 9.25% |
| Unemployment Compensation |
Wisconsin |
Minnesota |
Illinois |
| Base: |
$13,000 |
$28,000 |
$13,560 |
| Rate: |
0.27% to 9.8% |
0.5% to 9.4% |
0.70% to 8.4% |
| New Employers: |
3.6% to 4.1% |
2.91% |
3.80% |
Eau Claire Infrastructure
