Texas is a business-friendly state!
Doing business in Texas presents a compelling array of advantages. The state's tax landscape is notably advantageous, with zero corporate or personal income tax burdens. This unique fiscal environment empowers businesses and entrepreneurs to thrive, enabling them to expand their workforce, invest in enhancements and ultimately enhance their financial prosperity.
Texas Taxes
Reinvestments Into Community
In 2018, the City of Longview conducted a bond election featuring three propositions for city improvements, with a total investment of $104,210,000. These local tax dollars have been strategically allocated to enhance public safety facilities ($52 million), improve streets and infrastructure ($27 million) and enhance our public parks ($25 million).
Benefits of Doing Business in Texas
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No Corporate Income Tax
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No Personal Income Tax
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Low Overall Tax Burden
“CEOs have rated the Best State for Business for 18 years in a row.”
Texas Economic Development Corporation
Property Tax Rates
Taxing Entity |
Property Tax Rate as Tax Factor |
|---|---|
City of Longview |
0.005789 |
Gregg County (incl. R&B) |
0.002817 |
Harrison County |
0.003110 |
Longview ISD |
0.013276 |
Pine Tree ISD |
0.012825 |
Spring Hill ISD |
0.014897 |
Hallsville ISD |
0.010064 |
Sales and Use Tax Rates
Taxing Entity |
Property Tax Rate as Tax Factor |
|---|---|
City of Longview |
1.50% |
Gregg County |
0.50% |
State of Texas |
6.25% |
Total |
8.25% |