Income Tax

The Village of Georgetown has a local income tax on the wages earned by residents of Georgetown, non-residents working in Georgetown, and the net profits of businesses located inside Georgetown. The tax rate is 1% of earned income and net profits. The Village of Georgetown allows a credit for residents who live inside the Village of Georgetown and have local tax withheld form their pay check from another city or village. The Maximum credit is 1% per W-2. The Georgetown income tax does not apply to income received from social security, retirement, pensions, military pay, unemployment interests on savings and certificates of deposits, ADC, and similar non-employee income.

All residents are required to register with the Georgetown Income Tax Bureau even if they have no taxable earnings. The regular office hours of the Income Tax Bureau are from 7:30 a.m. to 4:00 p.m., Mondays and Tuesdays. Forms and tax information/ordinance can be obtained in the Printable PDF links located on this page or from the Georgetown Income Tax Bureau at 301 South Main Street, PO BOX 116, or by phone at (937) 378-6395, ext. 1001.

Interest Rate

Effective January 1, 2024 the interest rate to be applied to all unpaid income and withholding tax balances is 10% per annum. This rate does not apply to any tax balances due for any prior years regardless of when the tax return is filed. Prior tax year’s interest rate is subject to Ordinance 1236.

Calendar Year

Annual Rate

Monthly Rate

2024

10.0%

0.833%

2023

7.0 %

0.583 %

2021-2022

5.0 %

0.42 %

2019-2020

7.0 %

0.583 %

2017-2018

6.0 %

0.5 %

2016

5.0 %

0.42 %

2024-2025 Important Dates

January 15, 2024

Fourth Quarter 2023 Estimated Tax Due

January 31, 2024

Fourth Quarter 2023 Employee Withholding Tax Due

April 15, 2024

2023 Individual and Business Tax Returns Due or IRS Due Date

April 15, 2024

First Quarter 2024 Estimated Tax Due

April 30, 2024

First Quarter 2024 Employee Withholding Tax Due

June 15, 2024

Second Quarter 2024 Estimated Tax Due

July 31, 2024

Second Quarter 2024 Estimated Withholding Tax Due

September 15, 2024

Third Quarter 2024 Estimated Tax Due

October 15, 2024

2023 Tax Extension Return Due

October 31, 2024

Third Quarter 2024 Employee Withholding Tax Due

January 15, 2025

Fourth Quarter 2024 Estimated Tax Due

January 31, 2025

Fourth Quarter 2024 Employee Withholding Tax Due

April 15, 2025

2024 Individual and Business Tax Returns Due or IRS Due Date

April 15, 2025

First Quarter 2024 Estimated Tax Due

April 30, 2025

First Quarter 2024 Employee Withholding Tax Due

June 15, 2025

Second Quarter 2024 Estimated Tax Due

MONTHLY PAYROLL

If filing under the monthly filing rules for Employee Withholding, the tax is due on the 15 th day of the following preceding month.