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Texas
By the Numbers

Texas Below is a snapshot of key features of Texas' tax system. (Scroll Down)
State & Local Revenue (FY10)
  • General Revenue, Own-Source (GROS): $129.2 billion
  • General Revenue as a Share of Income: 13.9%
  • Tax Revenue: $86.5 billion
  • Tax Revenue as Share of income: 9.3%
  • Personal Income Tax (Share of Tax Revenue): 0.0% (50 out of 51)
  • Corporate Income Tax (Share of Tax Revenue): - % ( 51 out of 51)
  • Sales & Excise Tax (Share of Tax Revenue): 44.3 % ( 13 out of 51)
  • Property Tax (Share of Tax Revenue): 45.2 % ( 5 out of 51)
  • Other Taxes (Share of Tax Revenue): 8.4 % (10 out of 51)
Personal Income Tax Features (2012)
  • Range of Tax Rates: N/A
  • Standard Deduction: N/A
  • Personal Exemption: N/A
  • Dependent Exemption: N/A
  • Earned Income Tax Credit (EITC): None
  • No broad based personal income tax
Corporate Income Tax Features (2012)
  • Range of Tax Rates: N/A
  • Income Level at Which Top Rate Applies: N/A
  • Combined Reporting: Yes
  • Apportionment Factor (Payroll): 0%
  • Apportionment Factor (Property): 0%
  • Apportionment Factor (Sales): 100%
  • Apportionment Note: Texas imposes a Franchise Tax rather than a corporate income tax
Sales Tax Features (2012)
  • State Sales Tax Rate: 6.25%
  • Average Local Sales Tax Rate: 1.70%
  • Average Combined State & Local Sales Tax Rate: 7.95%
  • State Sales Tax Treatment of Groceries: Exempt
  • Local Sales Tax Treatment of Groceries: Exempt
  • Number of Services Taxed: 83 out of 168 surveyed (2007)
  • Streamlined Sales Tax Membership: No
  • Vendor Compensation available without ceiling
  • Sales tax applies to digital goods and services
  • Sales tax applies to digital goods and services
Property Tax Features (2012)
  • School, county, and municipal property tax rates are capped.
  • Provides school homestead exemption and local-option exemptions.
Other Tax & Revenue Features (2012)
  • Gasoline Tax Rate (per gallon): $0.20
  • Diesel Tax Rate (per gallon): $0.20
  • Cigarette Tax Rate (per pack): $1.41
  • Estate or Inheritance Tax: No
  • Net Lottery Sales Per Capita: $141 (2010)
Tax Policy Oversight
  • Tax Expenditure Report: Yes
  • Tax Incidence Analysis Capability: Multiple taxes

Last Updated October 4, 2012

Sources & Glossary