Dallas County Income Tax Calculator
Texas, including Dallas County, does not have a state or local income tax. However, I can provide you with a comprehensive table of relevant tax information for Dallas County residents. Here’s what you need to know:
Tax Type | Rate | Details |
---|---|---|
State Income Tax | 0% | Texas does not have a state income tax2 |
Local Income Tax | 0% | Dallas County does not have a local income tax |
Federal Income Tax | Varies | Based on income brackets and filing status |
Sales Tax | 8.25% | 6.25% state + 1% city + 1% transit authority1 |
Property Tax (Total) | 2.50038% | Per $100 of assessed value1 |
– City of Dallas | 0.7458% | City-specific property tax rate1 |
– Dallas County | 0.217946% | County-specific property tax rate1 |
– Dallas Independent School District | 1.184935% | School district property tax rate1 |
– Dallas College | 0.115899% | Community college property tax rate1 |
– Parkland Hospital | 0.2358% | Hospital district property tax rate1 |
Franchise Tax (Business) | 0.375% or 0.75% | Depending on business type1 |
Inventory Tax | 0.2350% | When selling directly to the public1 |
Additional information:
- While there is no state or local income tax, residents still pay federal income tax2.
- Texas generates revenue primarily through sales tax, property tax, and business taxes2.
- The total combined local tax rate for projects in Dallas County is $2.294781 per $100 in valuation3.
- Tax rates may vary slightly depending on the specific location within Dallas County4.
- Texas is considered to have the sixth-lowest tax burden among all 50 states and D.C. as of 20222.
Remember that tax rates and regulations can change, so it’s always best to consult with a tax professional or the relevant tax authorities for the most up-to-date and personalized information.