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TAXES

INCOME TAX

Texas does not levy personal or business income tax.

SALES TAX

The State levies a sales and use tax on retail sales and services of 6.25%. Municipalities, counties and transit authorities can level additional sales tax, however the maximum amount of sales tax charged cannot exceed 8.25% per state statute.

PROPERTY TAX

Harris County, in addition to school districts, public safety districts, utility districts and other special improvement districts, levies ad valorem taxes on the value of real and personal property. To research taxes on specific properties, please visit the Harris County Appraisal District at www.hcad.org.

             Harris County Business & Industrial Property Value
             Calculation Guidelines

FRANCHISE TAX

This is a state privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas. www.comptroller.texas.gov/taxes/franchise/

Contact Bobby Lieb for more information:

BobbyL@HoustonNWChamber.org