Texas has no state payroll tax, no state personal income tax, no corporate income tax and no unitary tax.
2007 Property Tax Rates
| Taxing Entity |
Tax Rate (Temple) |
Tax Rate Temple
but in Belton I.S.D |
| Bell County |
$0.3795 |
|
| City of Temple |
$0.5681 |
|
| Temple I.S.D |
$1.24005 |
$1.2870 |
| Special Districts |
|
|
| County Road District |
$0.0295 |
|
| Temple College |
$0.2180 |
|
| Clearwater Underground Water District |
$0.0040 |
|
| Total Effective Tax Rate |
$2.43915 |
$2.4861 |
Source: Appraisal Role, Bell County, September 27, 2007
Sales Tax Rate
| Bell County |
0.50% |
| City of Temple |
1.50% |
| State of Texas |
6.25% |
Total applicable sales tax: 8.25%
Corporate Franchise Tax
Incorporated businesses are subject to the Franchise Tax, a state tax imposed on corporations that do business in Texas. There are 2 components to the tax:
- Either $2.50 per $1,000 in taxable capital*
- Or a 4.5% tax on earned surplus, whichever amount is higher
*Taxable capital includes stated capital, surplus, deferred income taxes, and non-current employee benefits allocated to Texas on a gross receipts basis. Net taxable earned surplus is federal taxable income, plus officers' and directors' compensation allocated to Texas on a gross receipts basis.
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