Taxation

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 2014 State Business Tax Index.

Local Property Tax Rates

Tax Rate/per $100**
Taxing Entity
 Current Year 2013-2014
City of Hewitt
0.539677
McLennan Community College
0.151530
McLennan County (includes Farm to Market)
0.535293
Midway ISD
1.320000
Total
2.546500

Local Sales Tax Rates

 Sales Tax
 City  
 County  State
 1.50%  0.50%  
 6.25%

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.