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Tax Comparison
Real and Personal Property Tax 2015 | |||
---|---|---|---|
City of Lorena | 0.590000 | ||
McLennan County | 0.535293 | ||
McLennan Co. Community College*** | 0.151530 | ||
Lorena ISD* | 1.6400 | ||
Total |
2.916823 |
Exemptions
- Lorena ISD Exemptions Hmstead $25,000; over 65 $35,000; disabled under 65 $35,000
- county exemptions Hmstead 20% or $5,000 min, over 65 20% + $35,000; disabled under 65 $35,000
- ***county Community College Hmstead 20% or $5,000 min; over 65 20% +$12,000; disabled under 65 $12,000
Comparative tax rates of other cities in McLennan County 2015 | |||
---|---|---|---|
Population |
City |
Tax Rate |
|
1,733 | Lorena | 0.590000 | |
14,166 | Hewitt | 0.539677 | |
1,494 | Bruceville-Eddy | 0.498159 | |
8,760 | Woodway | 0.456900 | |
5,041 | McGregor | 0.600000 | |
11,416 | Robinson | 0.470000 |
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.