In This Section
As of January 1, 2022, the City's income tax rate is 2 percent. Generally, gross income (including income that is deferred) and business net profits are taxable.
The City allows a credit of 100% of the tax paid to another municipality, up to 2 percent.
Yes. The City of Powell has a mandatory tax filing for residents 18 and older. This includes anyone temporarily living away from home such as college students, teachers, military, etc. However, if you are retired and will receive only retirement, pension or Social Security payments, there is an exemption form that needs to be filed that will exclude you from the mandatory filing.
You would annually file a Declaration of Estimated Tax and make quarterly estimated tax payments to the Regional Income Tax Agency (RITA).
Nonresidents need only file when their income was not withheld by their employer correctly.
All taxpayers unable to file a completed return by the due date must file an extension request. Copies of federal extension forms can be used instead of the Regional Income Tax Agency form. Payment of any tax balance due must accompany the extension request and be received by the original due date of the return.
You can contact the Regional Income Tax Agency at 1-800-860-7482.
Only a portion of your property taxes goes to the City. Approximately 2% of your property taxes go to support the City’s operations, with another 2% used to pay for debt payments voted by the residents. The remaining 96% goes to: the Olentangy and vocational schools (79%); Liberty Township (8%); Delaware County (5%); and other agencies (4%).
It amounts to approximately $500,000 each year.
You can contact the Delaware County Auditor’s office, which processes the bills and payments of property taxes for the entire county, at (740) 833-2900.
The budgetary process starts in June and is approved in December of each year. The City holds public meetings and the public is always encouraged to come and contribute their input to the proceedings. You can check the City’s Web site or call the City for actual dates and times of these meetings.
The budget is available online. A copy is also available at the Village Green Municipal Building (47 Hall St.).
You can contact the City’s Finance Department by sending a question through the “contact us” section of the website or e-mailing a question to Finance Director Samantha Borchers.