Income Tax Office

Responsibilities

The current tax rate is 1.9%

As of 2015 Tax year, the city has mandatory filing for all residents 16 years and older that had earned income, had a business or rental property and are not exempted.
There will be a late filing fee of $25 for returns not filed by April 18 even if no tax due
A copy of federal extensions must be files in City Tax Office before April 18 for extension to be granted
Loss carry forward is no longer permitted
No payment of tax $10 or less will be billed, refunded or carried forward
New penalty for employee withholding
New due dates for employee withholding

Net Profit Returns and Payment due: April 15
Employer’s Annual Reconciliation and W2 Copies due: February 28
1099 Copies due: February 28
Monthly withholding payments must be received before the 15th day of the following month
Quarterly withholding payments must be postmarked before the last day of the month

Interest is charged at the rate of 0.500% per month from the deadline date
Penalty is 15% on unpaid taxes
Late filing fee at $25 per month filed late (Max is $150)
Employee withholding - A penalty not to Exceed 50% of the amount unpaid will be charged