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Tax Structure

PROPERTY TAX


Marshall, TX - City Rate
Rate
Rate/$100
Harrison County 0.003498  $0.35 
City of Marshall 0.005422  $0.54 
Marshall ISD 0.013300  $1.33 
Total 0.022220  $2.22 
     
Harrison County - Outside of Marshall*
Rate
Rate/$100
Harrison County 0.003498  $0.35 
Marshall ISD 0.013300  $1.33 
ESD #3 0.001000  $0.10 
Total 0.017798  $1.78 
     
*HCAD incorporates data from 4 Cities, 8 ISDs, 9 ESDs, and the county; ESD and ISD rates may vary across the county; ESD rates within Marshall ISD may vary slightly; The county example used is for the area outside the city limits in the Marshall Business Park
 
Source:  Tax CodeHCAD

 

Sales Tax


Tax Allocations
Rate
Rate/$100
State of Texas 0.06250  $6.250 
City of Marshall 0.01625  $1.625 
Marshall Economic Development Corporation 0.00375  $0.375 
Total 0.08250  $8.250 
     
Texas imposes a 6.25 percent state sales and use tax on all retail sales, leases and rentals of most goods, as well as taxable services. Local taxing jurisdictions (cities, counties, special purpose districts and transit authorities) can also impose up to 2 percent sales and use tax for a maximum combined rate of 8.25 percent.
     
Source:  Sales and Use TaxLocal Government Code

 

Guide to State Taxes


 


Franchise Tax
  • 0.375% - 0.75%
  • The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas.
  • The following are applicable for 2016 & 2017
    Franchise Tax
    No Tax Due Threshold $1,110,000 
    Tax Rate (retail or wholesale) 0.375%
    Tax Rate (other than retail or wholesale) 0.750%
    Compensation Deduction Limit $360,000
    EZ Computation Total Revenue Threshold $20,000,000
    EZ Computation Rate 0.331%

Source:  2017 Franchise Tax

Sales and Use Tax
  • 6.25% - 8.25%
  • Texas imposes a 6.25 percent state sales and use tax on all retail sales, leases and rentals of most goods, as well as taxable services. Local taxing jurisdictions (cities, counties, special purpose districts and transit authorities) can also impose up to 2 percent sales and use tax for a maximum combined rate of 8.25 percent.

Source:  2017 Sales and Use Tax

Unemployment Insurance
  • 0.59% - 8.21%
  • The following rates are applicable for 2017
    Rate
    %
    2017 Minimum Tax Rate 0.59%
    2017 Maximum Tax Rate 8.21%
  • You pay unemployment tax on the first $9,000 that each employee earns during the calendar year.  Your taxable wages are the sum of the wages you pay up to $9,000 per employee per year
  • The Effective Tax Rate (ETR) is calculated as follows:  General Tax Rate (GTR) + Replenishment Tax Rate (RTR) + Obligation Assessment Rate (OA) + Deficit Tax Rate (DTR) + Employment and Training Investment (ETIA)
  • Entry Level Rate:  Employers newly liable for state unemployment tax who do not acquire compensation experience from a previously liable employer begin with a predetermined tax rate set by the Texas Unemployment Compensation Act (TUCA). The North American Industry Classification System (NAICS) assigns an average tax rate for each industry. Texas law sets an employer’s tax rate at their NAICS industry average or 2.7 percent, whichever is higher.(2)(3)

Source:  2017 Entry Level UI Tax Rate2017 UI Tax Rates

 

Workers' Compensation Insurance
  • In Texas, private employers can choose whether or not to carry workers' compensation insurance coverage.
  • If voluntarily elected, a company may choose to base its rates on (1) the Texas workers' compensation classification relativities established by the Commissioner of Insurance; (2) its own independent company-specific relativities filed by the company; or (3) loss costs filed by the National Council on Compensation Insurance (NCCI), which is an advisory organization to the Texas Department of Insurance (TDI).

Source:  2017 Workers' CompensationEmployer FactsheetRate Guide

Property Tax
  • Texas has no state property tax. The Comptroller's office does not collect property tax or set tax rates. That's up to local taxing units, which use tax revenue to provide local services including schools, streets and roads, police and fire protection, and many others.

Source:  Property Tax

Personal Income Tax
  • Texas has no personal income tax.
  • The Texas Constitution of 1876 does not provide for personal income tax unless the [income tax] law is approved by a majority of the registered voters.

Source:  Texas Constitution, Art. 8, Sec. 24

Inheritance Tax
  • The Inheritance tax was repealed effective Sept. 1, 2015.

Source:  Inheritance Tax

Other Potential Types of Taxes & Fees

 

Tax Resources


Harrison Central Appraisal District
Texas State Comtroller
Tax Foundation

Wallet Hub

1=highest tax burden - Texas ranked 34th in 2017

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