STATISTICS

Major Employers

Cost of Doing Business

Ohio has made tax reform a priority. Business tax burdens have been lowered by more than half through eliminating taxes on inventory, corporate income and investments in equipment.

Ohio is ranked third in the nation for the friendliest tax environment by Ernst & Young (May, 2011). In their state-by-state comparison of tax liabilities only Maine and Oregon scored a better ranking than Ohio’s 4.4% on the lowest effective tax rate on new investment. Neighboring states came in at 7.2% for Michigan and 6.8% for Indiana.

Ohio eliminated corporate income and franchise taxes. There are no taxes on new machinery and equipment. If your business holds inventory in Ohio, it’s completely tax free.

Ohio doesn’t impose a tax on goods or services sold outside of our state. If you ship 100% of your product outside of Ohio, your Commercial Activities Tax (CAT) is zero.

Bowling Green City Schools Income Tax 0.5%

Sales & Use 6.75% State & Wood County

Real Property

Residential/Agricultural Rate 55.829202/$1,000 (Valuation: 35%)

Commercial/Industrial Rate 62.059425/$1,000 (Valuation: 35%)

Individual & Employer Forms

Workforce

Population

Bowling Green 31,588 *
Wood County 129,730 *

* Based on 2009-11 American Community Survey 3-Year Estimates

Detailed information on Civilian Labor Force Estimates

Civilian Labor Force Estimates

May 2018