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Which City in Texas Pays The Most Taxes?

Which City in Texas Pays The Most Taxes?

By on Aug 26, 2013 in Taxes | 0 comments

Which City in Texas Pays The Most Taxes? Ranking well as a State

Living in Texas means that you are in one of the top ten states in America for paying the least taxes. This is important, whether you are running a business or an employee working for a small or large company. It is also critical for you to be aware of governmental jurisdictions and actions at more local levels when it comes to taxes, in your county, and your city.

Regional and local tax charges

The local tax charged by your city incorporates several areas including a local property tax; a local debt burden comprising city, county and special purpose districts; an education debt burden; and public pension obligations.

Special purpose district debt

According to Susan Combs, Texas Comptroller of Public Accountants, in 2011 Texas had 193 sales tax and 1,675 property tax special-purpose districts.  The latter type includes Water District Debts and other special purpose debts. The Texas Bond Review Board’s website provides additional data about local government debts.

Highest sales and use taxes

According to the Comptroller’s report for August 2013; Houston, San Antonio, Dallas, Austin and Fort Worth ranked highest as the top five cities for sales and use taxes. San Antonio experienced a 20.13% change in taxes with Fort Worth coming in close behind at 15.71%. These changes can make huge impacts on personal and business budgets. It is interesting to note that in 2012, these same five cities ranked in this same order for the state’s highest city debt.

Highest individual and household taxes

Greatest tax impacts on households include those in the counties of Reagan, Dimmit and Jim Wells. The rural city of Big Lake (population 367), with smaller townships of Best, Stiles and Texon make up the county of Reagan. Taxes paid per person last year were $683, with a high median house amount of $48,667 being paid.

Dimmit County (population 9996) comprises Carizzo Springs with a population of 5655, with two other cities Asherton and Big Wells. Taxes paid per person last year were $584, with the median household paying $29,685.

In Jim Wells County (population 40,838) Alice is home to about half this number, and the rest is made up from Orange Grove, Ben Bolt, Sandia, Premont and San Diego. Taxes paid per person were $535, with a median house tax of $36,404 being paid.

Whether a business or a sole trader

If you own a business you may be wondering where your company will pay the least tax, whether you are just starting, expanding, or thinking of relocating. Alternatively, taxes can have a huge impact on your decision to become a self-employed entrepreneur.

Success Tax Relief staff are highly experienced in providing a range of services to clients and this includes assistance with understanding tax rules. This includes tax matters that relate to where you now live and where you may choose to move to next to realise your financial and career goals. Call 1-877-825-1179 now, so they can get started working for you.

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