Taxes

Taxes

Texas has been on a very successful economic run since 2000.  This trend is commonly called the "Texas Miracle", due to the phenomenal growth in the Texas economy, attributed in large part to Texas business friendly tax structure.  Between 2001 and 2011, according to the federal Bureau of Economic Analysis, the Texas GDP grew from about $763 billion (in current dollars) to about $1.3 trillion.  Population, and the per capita income have grown substantially too, while Texas' unemployment rate has been lower than the national average every month.  

With no corporate income tax and no individual income tax, Texas has one of the lowest tax burdens in the country, ranking as a Top 10 Best State in the Tax Foundation's 2015 State Business Tax Index.

We invite you to Grow Your Business in Levelland.  Take advantage of our business friendly financial environment and our Texas friendly hospitality.

Local Taxes

Property Taxes:  Texas has no statewide ad-valorem property tax. Local governments and special taxing districts levy property taxes on real and tangible personal property. All property is appraised at full-market value, and taxes are assessed by local county assessors on 100% of appraised value

State of Texas Taxes

Texas State Comptroller - Texas Taxes - Link to a page with everything you may need to know about Texas State Taxes