| Tax
and Fees
- The State
of Texas levies local property taxes by counties municipalities and
independent school
districts (IDS). These political subdivisions may impose
ad valorem taxes on real and personal property.
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| Sample
Tax Information for DFW Communities
2006 Rate Per $100 of Taxable Valuation |
| Property
Taxes
2006 Rate Per $100 of Taxable Valuation |
| City
|
County |
School
District |
Other |
Total |
Plano |
$0.45350 |
Collin |
$0.25000 |
$1.7334 |
$0.090646 CCD |
$2.52755 |
Dallas |
$0.72920 |
Dallas |
$0.21390 |
$1.5026 |
$0.005034 SET
$0.25400 HD
$0.081 CCD |
$2.78573 |
Denton |
$0.62652 |
Denton |
$0.23192 |
$1.7640 |
NA |
$2.62244 |
Fort Worth |
$0.86000 |
Tarrant |
$0.27150 |
$1.5140 |
$0.02 WD
$0.235397 HD
$0.139380 CCD |
$3.04028 |
| CCD=Community
College District, SET=School Equalization Tax, HD=Hospital
District, WD=Water District
Sources: Collin, Dallas, Denton and Tarrant County Appraisal
Districts |
| Sales
Taxes
2006 Rate Per $1.00 of Taxable Valuation |
| City
Name |
State
Rate |
City
Rate |
Other
Rates |
Total
Rate |
Plano |
$0.0625 |
$0.010 |
$0.010 MTA |
$0.0825 |
Dallas |
$0.0625 |
$0.010 |
$0.010 MTA |
$0.0825 |
Denton |
$0.0625 |
$0.015 |
$0.005
MTA |
$0.0825 |
Fort Worth |
$0.0625 |
$0.010 |
$0.005 MTA
$0.005 CCD |
$0.0825 |
MTA=Metropolitan
Transit Authorities, CCD=Crime Control District
Source: Texas Comptroller of Public Accounts |
| State
and Local Income Taxes: None |
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- The backbone
of the state's revenue structure is the state sales tax of 6.25 percent,
which applies
to the sales of tangible personal property, with exemptions for items
such as grocery food, utilities, raw
materials and manufacturing equipment. Municipalities in Texas may also
levy in conjunction with sales
tax a city sales tax of 1.00 and certain mass transit authorities may
levy a sales tax not to exceed 1.00
percent. (Texas Comptroller of Public Accounts)
- Commercial
rents for office and industrial space are among the most attractive
in the nation for tenants.
In 2006 DFW Industrial vacancy rates were only 10.4% and DFW office
market vacancy rates were 17.3%.
(Texas A&M Real Estate Center)
Source:
http://ecpa.cpa.state.tx.us/taxrates/FinalRates.jsp;jsessionid=OJXSYJAZPOPAVDSFTFGOIUY
Plano: http://www.collincad.org/taxrates_and_exemptions/2004taxrate.php
Dallas County: http://www.dcad.org/Forms/2004rate.pdf
Denton: http://www.cityofdenton.com/pages/fisctaxgeneralinfo.cfm
Tarrant County: http://www.tad.org/WebPages/2004_tax_rates.htm
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