Dunklin County's assessed value for Commercial Real Property is 32%. Personal Property

is 33 1/3%. Dunklin County property taxes are $4.4776 per $100. Kennett's city rate is $.875 per $100.

Taxes	Amount
Assessed value of city property	60,345,950
Basic property tax levy for latest year (per $100 assessed value)	4.89
State	.030
School	3.5103
Sales Tax	Includes library, ambulance, road district
Capital Improvement	.250
County	1.00
City	.875
State	4.225
Total	6.35

The Kennett Enterprise Zone has worked with the state of Missouri to create a favorable atmosphere for qualifying businesses by offering 12 different tax incentive programs.

Competitive Tax Incentive Programs offered:

• Dunklin County Tax Lien Credits
• Real Property Tax Abatement
• Enhanced Enterprise Zone
• Film Production Tax Credit Program
• Loan Guarantee Fee Tax Credit Program
• Mutual Fund Tax Apportionment
• Quality Jobs
• Rebuilding Communities Tax Credit Program
• Sales Tax Exemption
• Small Business Incubator Tax Credit Program
• Wine and Grape Tax Credit Program
• Work Force Incentive
  

10-25 new jobs 50% abatement
25-49 new jobs 60% abatement
50-74 new jobs 70% abatement
75-99 new jobs 80% abatement
100-149 new jobs 90% abatement
150 or more new jobs 100% abatement

Enhanced Enterprise Zone
Provides state tax credits to new or expanding businesses in Kennett's Enhanced Enterprise Zone.

Film Production Tax Credit Program
Provides a state income tax credit to qualified film production companies up to 50% of the company's expenditures in Missouri for production or production related activities necessary for the making of a film, not to exceed $1 million in tax credits per project.

Loan Guarantee Fee Tax Credit Program
Provides state tax credits to an "eligible small business" for the amount of a guarantee fee paid to either the U.S. Small Business Administration or the U.S. Department of Agriculture for a small business loan.

Mutual Fund Tax Apportionment
Stimulates the mutual fund industry in the state by allowing those certified by the Missouri Department of Economic Development (DED) to utilize a more favorable state income apportionment method for tax purposes.

Quality Jobs Program
Facilitates new quality jobs by targeted business projects.

Rebuilding Communities Tax Credit Program
Helps stimulate eligible business activity in Kennett by providing state tax credits to eligible businesses that locate, relocate or expand their business within the city.

Sales Tax Exemption
Machinery and equipment used to establish a new manufacturing facility or expand an existing manufacturing facility is exempt from local and state sales/use tax, provided such machinery/equipment is used directly to manufacture a product ultimately intended for sale.

Small Business Incubator Tax Credit Program
The Missouri Department of Economic Development (DED) may issue a 50% state tax credit to a taxpayer who makes a contribution to an approved incubator sponsor in Missouri.

Wine and Grape Tax Credit Program
Assists vineyards and wine producers with the purchase of needed new equipment and materials, by granting a state tax credit for a portion of the the purchase price.

Work Force IncentiveTraining

• Financial Assistance Customized Training Program
  The Customized Training Program provides training assistance for employers who are hiring and training workers for newly created jobs or retraining workers as a result of new capital investment. The Customized Training Program can assist with your specific training needs.

• New Jobs Training Program
  The New Jobs Training Program provides training assistance for employers with a sound credit rating who are creating a substantial number of new jobs. Local community colleges initially finance training through the sale of certificates. The certificates are repaid by using tax credits from the employer's regular withholding that is based on a percentage of the gross wages paid to employees in the new jobs.

• Welfare to Work
  Provides a financial incentive for employers to hire long-term Welfare recipients.

• Work Opportunity Tax Credit
  Provides a tax credit for employers who hire low-income residents.

• Additional details at: http://ded.mo.gov/BDT.aspx