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 |
4% 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 | |
Kentucky | $0.109 | $0.4500 |
Barren County | $0.130 | $0.153 |
Cave City | $0.134 | $0.134 |
Park City | $0.273 | $0.304 |
Glasgow | $0.169 | $0.169 |
Barren County Schools | $0.657 | $0.674 |
Caverna Independent Schools | $0.758 | $0.784 |
Glasgow Independent Schools | $0.794 | $0.809 |