Taxation
The state of Texas has been ranked number 11, just one above the Top 10 best states with a favorable tax system for businesses by the Tax Foundation. Click to see the 2023 State Business Tax Index.
Local Property Tax Rates
Taxing Entity
| Current Year 2023-2024
|
City of Hewitt
| 0.546736
|
McLennan Community College
| 0.128509
|
McLennan County (includes Farm to Market)
| 0.329805
|
Midway ISD
| 0.939805
|
Total
| 1.944250
|
Local Sales Tax Rates
Exemptions
State Business Taxes
Please visit the Texas Comptroller for more information on the multiple tax programs and incentive opportunities.
Income Tax
Texas has no business or personal income tax.
Franchise Tax
You may click on the following link for information concerning Franchise Tax from the Texas Comptroller
Click to see an Overview of Texas Tax System by the Texas Comptroller of Public Accounts.