Economic Development
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Taxes
Businesses in Hobart not only enjoy a great location and a plentiful skilled workforce, but also a lower tax structure and operational cost than companies in Chicago, just a short distance away. Another reason businesses thrive here is utility services are of high quality.
| Local Taxes: | |
| Hobart is divided into 3 taxing districts, each with different rates. Contact the Director of Development for information on the rates in the different districts. Property tax abatements are available for applicable projects. | |
| County Taxes: | |
| Lake County has no Income Tax. | |
| State Taxes: | |
| Retail Sales Tax: | 6% |
| Corp. Income Tax Rates: | .3% - 1.2% |
| Corp. Income Tax Rate max: | 3.4% |
| Supplement Net Income Tax: | 4.5% |
| Unemployment contribution rates: | .2% - 5.5% |
| Benefits | |
| Unemployment benefits period: | 26 weeks max. |
| Weekly benefits: | $116-$225 |
| Workers Comp Benefit: | 66.6% of weekly wage |
| Workers Comp Benefit Max. | $448 |
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