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Taxes

Property Tax

2017 Property Tax Rates
Taxing Entity Property Tax Rate*
City of Longview 0.509900
Gregg County (incl. R&B) 0.262500
Harrison County 0.349800
Longview ISD 1.513000
Pine Tree ISD 1.555000
Spring Hill ISD 1.670000
Hallsville ISD 1.370000
Kilgore ISD 1.309200
* Per $100 Assessed Value

Property tax rates are released in October.

  

Sales Tax

Sales Tax
City 1.50%
County 0.50%
State 6.25%
Total 8.25%

 

State Taxes

Texas does not impose a personal income tax.

Texas does not have a corporate tax. However, there is a Franchise Tax.

Texas Comptroller's website:

 Franchise Tax 
 Frequently Asked Questions

Franchise Tax State of Texas
  The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas.
Rate (Range) 0.75% for most entities 
0.375% for qualifying wholesalers and retailers
0.331% for entities with <= $20 million in Total Revenue electing the E-Z Computation
2016-2017 Rates: comptroller.texas.gov/taxes/franchise/
 
Formula 

Franchise tax is based on a taxable entity’s margin. Unless a taxable entity qualifies and chooses to file using the EZ computation, the tax base is the taxable entity’s margin and is computed in one of the following ways:

  • total revenue minus cost of goods sold;
  • total revenue minus compensation;
  • total revenue times 70 percent; or
  • total revenue minus $1 million.