Municipal Income Tax
The current income tax rate for the City of Olmsted Falls is 1.5% imposed on earned income, consisting of wages, salaries, commissions and other compensation as well as net profit of business attributable to activities in the municipality. A tax credit of up to .75% is allowed for tax paid to other cities.
The municipal income tax provides funds for the general municipal operation, maintenance of equipment, improvements of municipal services and facilities including capital improvements. If you have questions concerning Local Municipal Income Tax please visit RITA at www.ritaohio.com