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Property Tax
| 2022 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 |
| * Tax Factor | |
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 |
|
| No Tax Due Threshold | $1,230,000 |
| Tax Rate (retail or wholesale) | 0.375% |
| Tax Rate (other than retail or wholesale) | 0.75% |
| Compensation Deduction Limit | $400,000 |
| EZ Computation Total Revenue Threshold | $20 million |
| EZ Computation Rate | 0.331% |
| 2022-2023 Rates: comptroller.texas.gov/taxes/franchise/ |
