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 2023 State Business Tax Index.


Local Property Tax Rates

Tax Rate/per $100** 
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



 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.