Taxes

Wichita, Kansas offers a pro-business environment focused on attracting and growing businesses. The state of Kansas has long been known for its business-friendly, low-tax climate and offers a variety of benefits for companies that relocate or expand here.

Kansas Tax Quick Facts

• Kansas has the 13th lowest unemployment insurance tax rate in the nation per the Tax Foundation 2021 State Business Tax Climate Index.
• Business machinery and equipment newly purchased, leased or moved to Kansas is exempt from property tax.
• Commercial – industrial machinery and equipment is exempt from property tax.
• Kansas workers’ compensation rates are about 32% below the national average.
• Plus, the state DOES NOT levy the following taxes:
  • Corporate franchise tax.
  • Business inventory tax

Income Taxes

• Kansas’ corporate tax rate is 7.00% — 4.00% of Kansas taxable net income plus 3.00% surtax (2011) on taxable net income in excess of $50,000. Only the proportion of net income generated within the state is subject to Kansas income tax.)

Property Taxes

• Property taxes on all purchased business equipment receives 100% tax abatement
• Commercial property taxes equate to approximately 2.9% of property values in Wichita
• Residential property taxes equate to approximately 1.34% of home values in Wichita

Sales Tax Rate