A pro-business environment has been cultivated at the State and local level in Yuma. Progressive reductions in corporate income tax, commercial property tax ratio and depreciation schedules are but a few of the legislative advances taken to ensure companies located in Arizona are not burdened with additional cost that stagnate growth.
|Metropolitan Area||State Sales||County Sales||Effective Property Tax Rate||Personal Income Low||Personal Income High|
Source: Federation of Tax Administrators, State Tax Rates 2011, Various state revenue departments, 2011.
|Metropolitan Area||Sales Tax||*Corporate||**Unemployment Insurance||Workmans Comp||Inventory Tax|
Source: Research Institute of America, All States Tax Handbook, 2011; Oregon Dept of Consumer and Business Services, 2010.
*Rate to be reduced to 4.7% by 2017. Based on net income
**Based on % of payroll. Wage Base $7,000
The City and County of Yuma pride themselves on 30 day permitting of all commercial projects based upon timely applicant completion of required forms.