Barren County offers a business-friendly environment at incredibly low costs. In fact, Kentucky was ranked #1 for Cost of Doing Business by CNBC in 2019, for the third year in a row.
Kentucky's low property tax burden, a cap on unemployment insurance taxes, low sales tax and sales tax exemption on machinery for new firms drive our competitive tax structure.
| Corporate Income Tax |
5% State |
| Sales & Use Tax |
6% State No local sales tax |
|
Kentucky Inventory Tax Raw Materials Goods in Process |
0.0500 0.0500 |
|
Goods-in-Transit |
0.0500 |
|
Personal Income Tax |
5% State |
| Occupational License Tax | Salaries & Wages | Net Profits |
| Barren County | No Tax | No Tax |
| Cave City | 2% | 1% |
| Glasgow | 1.75% | 1.75% |
| School Districts | No Tax | No Tax |
Local Property Tax Rates per $100 Valuation
| Real Estate | Tangibles | Motor Vehicle | |
| Kentucky | $0.1220 | $0.4500 | $0.4500 |
| Barren County | $0.145 | $0.153 | $0.1949 |
| Cave City | $0.1510 | $0.1510 | $0.1787 |
| Glasgow | $0.1730 | $0.1760 | $0.2700 |
| Barren County Schools | $0.6750 | $0.6750 | $0.4920 |
| Caverna Independent Schools | $0.804 | $0.804 | $0.700 |
| Glasgow Independent Schools | $0.847 | $0.8730 | $0.554 |