Local Taxation
Local Property Tax Rates – Adopted Rates for 2017 (Applicable to Real & Personal Property and Inventory) |
|
---|---|
Taxing Entity | Tax Rate per $100 |
City of Greenville | $.642162 |
Greenville ISD | $1.228481 |
Hunt County | $.508512 |
Hunt Memorial Hospital | $.230 |
Total Combined Tax Rate | $2.609155 |
Source: Hunt County Tax Office |
Local Sales Tax Rates | ||
---|---|---|
City | County | State |
1.5% | .50% | 6.25% |
Total Sales Tax Rate: 8.25% | ||
Source: Texas State Comptroller |
State Taxation
Texas has no state property tax | |
State Income Tax | Texas has no state personal income tax |
Corporate Franchise Tax | Incorporated business chartered and authorized to do business in Texas are subject to the state franchise tax. Corporations are generally taxed at a rate of 1% of revenue margin based on the lease of (1) total revenue minus cost of goods sold, (2) total revenue minus compensation, or (3) total revenue times 70 percent. For entities engaged in retail and wholesale trade, the tax rate is .5%. Visit the Texas State Comptrollers Office at http://www.window.state.tx.us/ for more information. |