StateBook International®

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Otsego Now (County of Otsego IDA)

189 Main St, Suite 500
Oneonta, NY 13820
P: +1 607-267-4010

Tax Advantages

The Otsego IDA offers several types of tax abatements to qualifying businesses.  Click on Statebook's "Incentives" tab to view our offerings.

Data Name Value
State Tax Ranks (New York)
Overall 49
Corporate Tax 7
Individual Income Tax 49
Sales Tax 43
Unemployment Insurance Tax 32
Property Tax 47
State Sales Tax Rates (New York)
Sales Tax 4.000%
Are Localities Permitted to Define the Tax Base? No
State Unemployment Insurance Tax Rates (New York)
Minimum 1.7000%
Maximum 9.5000%
Taxable Wage Base $10,700
Most Favorable Schedule - Minimum 0.0000%
Most Favorable Schedule - Maximum 6.4000%
Least Favorable Schedule - Minimum 1.5000%
Least Favorable Schedule - Maximum 8.9000%
State Property & Capital Stock Tax Rates (New York)
Property Tax Collections Per Capita $2,494
Property Tax Collections - Percentage of Income 4.65%
Capital Stock Tax Rate 0.125%
Capital Stock Maximum Payment $1,000,000
Payment Options for CST and CIT Pay highest
Real Estate Taxes
Median Real Estate Taxes Paid $2,529
State Income Tax Rates (New York)
Corporate  
≥ $0 6.500%
Individual (Ordinary Income)  
≥ $0 4.000%
≥ $8,450 4.500%
≥ $11,650 5.250%
≥ $13,850 5.900%
≥ $21,300 6.450%
≥ $80,150 6.650%
≥ $214,000 6.850%
≥ $1,070,350 8.820%