Municipal Income Tax
The City of Powell has a three-quarter percent (.75%) municipal income tax for anyone who earns income in the City of Powell, and for Powell residents who earn income outside of the city.
Residents who earn income elsewhere and have been taxed locally by another city can receive a credit of one-quarter percent (.25%), with a net tax of one-half percent (.50%) due to Powell.
Other important information about Municipal Income Tax:
-Estimated quarterly payments are required for individuals who have not had Powell taxes withheld from their income.
-The City of Powell income tax is collected by the Regional Income Tax Agency (RITA).
-If you need tax forms or more information, contact the central Ohio branch of RITA at 866.721.7482 or visit their website.
Beginning with tax year 2016, the City of Powell along with other Ohio municipalities have a uniform interest rate formula.
Tax Year 2019 – 7%
Tax Year 2018 – 6%
Important Information for Tax Filers and Preparers
The City of Powell amended its income tax code to include all the changes made by the Ohio Legislation through House Bill 5. The 130th General Assembly passed and Governor John Kasich signed into law Amended Substituted House Bill 5 in December, 2014 which mandates municipal income tax ordinances be amended in accordance with the provisions and limitations specified in Chapter 718 of the Ohio Revised Code. These changes take effect Jan. 1, 2016.