STANDARD OVERHEAD COSTS OF DOING BUSINESS IN MANITOWOC, WISCONSIN
June, 2005
MAJOR TAXES OF INTEREST TO BUSINESS-WISCONSIN
TAX RATE

CORPORATE INCOME

  • Apportionment:
    -Sales
    -Property
    -Payroll

7.9% (flat)

  • 50%
  • 25%
  • 25%

SALES/USE

  • County Option Rate
    (58 of 72 counties)
  • Manufacturing machinery
  • Pollution controls equipment
  • Materials consumed
  • Manufacturing energy

5%

  • .05%
  • Exempt
  • Exempt
  • Exempt
  • Tax Credit

PROPERTY TAX
(full value state average rate - 2004)

  • Manufacturing machinery/equip
  • Manufacturing inventories
  • Merchant's inventories
  • Pollution control equip.

2.001%

  • Exempt
  • Exempt
  • Exempt
  • Exempt

UNEMPLOYMENT COMPENSATION

  • New employers (2 years), payroll <$500,000
  • New employers (2 yrs), payroll $500,000+
  • Base
  • Minimum/Maximum
  • FUTA penalty


  • 3.05%
  • 3.25%
  • $10,500
  • .02% / 9.75%
  • 0%

WORKER'S COMPENSATION

  • Average in manufacturing


  • $5.18/$100.00

PERSONAL INCOME (married/filing jointly)

  • $0-$10,000
  • $10,001-$20,000
  • $20,001+


  • 4.6%
  • 5.3%
  • 5.9%

CAPITAL GAINS

  • Long-term exclusion


  • 60%

MAJOR TAXES/UTILITIES City of Manitowoc

2007 TAX RATE PER $1,000 OF ASSESSED VALUE:
General City $6.48190
State $.16820
County $5.28955
School District $7.42400
VTAE $1.46250
TOTAL GROSS TAX RATE
 $20.82615*
STATE SCHOOL TAX CREDIT
 $1.28080
NET TAX RATE
 $19.54535
*This rate includes a TID increment
Source: City of Manitowoc Assessor's Office, Updated 2008

2007 ASSESSMENT RATIO: 1.008358203%
MANITOWOC COUNTY SALES TAX: 5.0%

FULL (EQUALIZED) VALUE COMPARISON 2007-2008

CITY OF MANITOWOC
2007
2008
 Change in Value Percent Change
Residential $1,255,160,600 $1,283,386,600 $23,488,600 2%
Commercial $434,733,000 $454,242,400 $19,509,400 4%
Manufacturing $136,204,900 $138,822,800 $2,617,900 2%
Agricultural $96,500 $245,300 $148,800 154%
Undeveloped $2,200 $1,139,100 $1,136,900 ***%
Ag Forest $0 $37,100 $37,100 0%
Forest $176,300 $59,800 -$116,500 -66%
Other $530,800 $0 -$530,800 -100%
Personal Property $67,113,200 $65,609,800 - $1,503,400 -2%
Total $1,894,017,500 $1,943,542,900 $49,525,400 3%

*** = Percent change exceeds 999%
Source: WI DOR

UPDATED September 2008