Scott — Financial Data

98 Population FY 2023

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for Indiana and Scott.

Component	Summary	Effective	Coverage	Sources
IN state individual income tax	Indiana taxes state adjusted gross income at a flat 3.05% (tax year 2024) / 3.00% (2025), after $1,000 per-filer and $2,500 per-qualifying-child exemptions with no standard deduction; every one of the 92 counties adds its own local income tax on the same base (county fixed by January 1 residence), and the calculator applies the 10% state EITC while disclosing the age-gated, first-year-child, property-tax, rent, and Kentucky-locality items it cannot model. The statutory phase-down continues at 2.95% for 2026.	Tax years 2024 and 2025.	Source verified	Indiana DOR 2024 IT-40 income tax booklet; Indiana DOR 2025 IT-40 income tax booklet; Indiana DOR 2025 county tax rates and codes (Schedule CT-40 chart); Indiana DOR rates fees and penalties
IN sales tax (base)	Indiana state sales tax rate is 7%.	Current Indiana DOR sales-tax guidance (as accessed April 18, 2026).	Rate missing	Indiana DOR sales tax
IN property tax policy (local administration)	Indiana property taxes are administered and collected by local officials and fund counties, municipalities, townships, schools, libraries, and special districts.	Current Indiana DLGF guidance (as accessed April 18, 2026).	Needs review	Indiana DLGF citizen's guide to property tax

Community Profile

Census Bureau ACS 5-year estimates

27.6% Poverty Rate 2023

15.8% Bachelor's+ Rate 2023

13.8% Unemployment Rate 2023

71.4% Homeownership Rate 2023

Median Household Income

$133,348 (2022)

2022 2022

Per Capita Income

$18,904 (2023)

2022 2023

Median Age

8.5 (2023)

2022 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.4 (2023)

2022 2023

Financial Documents (2)

Year	Title	Type
2023	Scott Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2022	Scott Census ACS 5-Year Estimates 2022	US_CENSUS_ACS5

Governance & Structure

Governance Structure

School Details

Not applicable for this entity type.