Municipal Operations & Tax Rates
In order to provide funds for the purposes of general municipal operation, maintenance of equipment, extension, enlargement, improvement of municipal services and facilities, and capital improvements, the City of Troy, Ohio imposes a municipal income tax. This tax is essentially an "earnings tax" and is levied on salaries, wages, commissions, and other compensation, and on net profits as provided in the City's Income Tax Ordinance. The current tax rate is 1.75%.
Department Function & Responsibilities
The Income Tax Department's function is to assure compliance with the Income Tax Ordinance of the city by maintaining appropriate records with regard to the imposition of the tax and the return and payment of the tax. Further information regarding the city's income tax requirements may be obtained by reviewing the document "General Information and Instructions for the City of Troy Tax Return," by reviewing Chapter 171 of the "Codified Ordinance of the City of Troy, Ohio" and/or by contacting the Income Tax Department.
Please note that, in 2020, the filing deadline has been moved to July 15.
- Individual taxpayers will have until 7/15/20 to file and pay their 2019 municipal income tax return.
- Net profit taxpayers (calendar year) who have opted to file with the State Tax Commissioner will have until 7/15/20 to file and pay their 2019 municipal income tax return with the State.
- Net profit taxpayers (calendar year) who file directly with the tax administrator of the municipal corporation will have until 7/15/20 to file and pay their 2019 municipal income tax return.
- First and second quarter estimated tax payments (individuals and calendar year net profit tax filers) will both be due by 7/15/20.