Tax Comparison

Real and Personal Property Tax 2021
City of Lorena 0.533460
McLennan County 0.425000
McLennan Co. Community College*** 0.149782
Lorena ISD* 1.200310

Total

2.308552

Exemptions


  • Lorena ISD Exemptions Homestead $25,000; Over 65 - $35,000; Disabled or Under 65 - $25,000
  • County exemptions Homestead 20% or $5,000 min, Over 65 - 20% + $35,000; Disabled or Under 65 - 20%
  • ***County Community College Homestead 20% or $5,000 min; Over 65 - 20% +$12,000; Disabled or Under 65 - $20%

Comparative tax rates of other cities in McLennan County 2021

Population

City

Tax Rate

1,761 Lorena 0.533460
15,131 Hewitt 0.540102
1,539 Bruceville-Eddy 0.500000
9,166 Woodway 0.470000
5,581 McGregor 0.546945
12,282 Robinson 0.507000

Sales Tax
Texas Sales Tax 6.25%
McLennan County Sales Tax 0.5%
Lorena Sales Tax 1.5%

Total

8.25%


Texas Income Tax
None

Texas Franchise Tax


Partnerships and corporations after $300,000 of revenues due 0.5% in retail and wholesale and other 1% of revenue minus wages and contributions or 70% margin or Cost Of Goods.