Taxes

Gilbert and Arizona offer a competitive operating environment and for the past 10 years, Arizona has implemented reductions in taxes and has created incentives program favorable to business. Companies have enjoyed consistent decreases in average employer and individual tax rates over the last decade. Not only that, but the region also boasts a minimalist regulatory approach. Outside of the competitive business tax incentives, here’s a snapshot of some of the benefits your business could enjoy here:

  • No corporate franchise tax
  • No business inventory tax
  • No income tax on dividends from out-of-state subsidiaries
  • No worldwide unitary tax
  • Virtually all services exempt from sales tax
  • Aggressive accelerated depreciation schedules, ideal for capital intensive business
  • Arizona has the 6th lowest unemployment insurance tax rate in the nation and the lowest amount in the U.S. for total wage base subject to unemployment tax ($7,000).
  • 80 percent sales factor for corporate income tax, ramping up to a 100 percent option
  • Low total payroll costs, including some of the lowest Fringe and Mandated Benefits in the county
  • No sales tax on manufacturing equipment
  • 100% of net operating loss may be carried forward for five years
  • Low unionization
  • Low workman’s comp and unemployment insurance
  • Right-to-work state
  • The assessment ratio for real and personal property taxes on commercial and industrial properties was reduced to 19% in 2014, and will fall to 18.5% in 2015.

Arizona has lowered taxes, streamlined regulations, and established a suite of incentives to support corporate growth and expansion. The Arizona Competitiveness Package, groundbreaking legislation adopted in 2011, makes it easier for existing Arizona companies to prosper and establishes Arizona as one of the most desirable places for expanding companies to do business.  Give your company a competitive edge by utilizing Arizona’s incentives, programs and grants. Learn more by viewing a full list of Arizona incentives and programs, please visit Arizona Commerce Authority.

A GUIDE TO TAXES FOR ARIZONA BUSINESSES – Arizona Business Tax Guide

Gilbert Taxes

Business Taxes  
Sales Tax- 1.5%
Corporate Income Tax Assessed at State Level
Unemployment Assessed at State Level
Taxable Wage Base Assessed at State Level
Workers’ Comp Inventory Assessed at State Level
Personal Income Tax Rate Assessed at State Level

Property Tax Breakdown

Rates are per $100 assessed valuation. The assessed valuation for commercial property development is 18.0% of the actual value determined by the Maricopa County Assessor and 10% for residential. The rate is then multiplied by the assessed value to determine the tax

Chandler School District $8.6882
Higley School District $8.3000
Gilbert School District $8.3890