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Taxation

Texas has no state payroll tax, no state personal income tax, no corporate income tax and no unitary tax.

2008 Property Tax Rates

Taxing Entity Rate - Temple 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 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 two components to the tax:
  • Either a 4.5% tax on earned surplus
  • Or $2.50 per $1,000 in taxable capital*, 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.