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Texas is one of nine states that doesn't

have an individual state income tax

Taxes

Businesses in Beaumont enjoy Texas' favorable tax climate. Compared to most states, business taxes are extremely low in Texas, and personal income tax is nonexistent.

In the 2021 Legislative Agenda, Congress passed legislation to:

  • Help to insure no unfunded mandates from the state be placed on local taxing entities

  • Continue work toward private insurance competition in coastal communities

  • Oppose any increase of windstorm rates or expansions

  • Oppose Legislation imposing a revenue and/or tax cap on cities and counties

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Favorable Tax Environment 

Texas has a unique climate for taxes and offers a favorable environment for incoming businesses and growing companies. Policies that pertain to real property tax, ad valorem taxation, and franchise tax credit have been enacted in the 2022 fiscal year.

Recently passed Legislation

HB 115 - Relating to the exemption from ad valorem taxation of certain property owned by a charitable organization and used in providing housing and related services to certain homeless individuals.

HB 1197 - Relating to the period for which certain land owned by a religious organization for the purpose of expanding a place of religious worship or constructing a new place of religious worship may be exempted from ad valorem taxation.

HB 1445 - Relating to the applicability of the sales and use tax to medical or dental billing services.

HB 2535 - Relating to the appraisal for ad valorem tax purposes of real property that includes certain improvements used for the noncommercial production of food for personal consumption.

To learn more, click here.

Property Tax

Unless exempt, all personal and real property in Beaumont, Texas is subject to a tax on the assessed value of property. The Tax Assessor-Collector will create the certified tax roll and levy taxes each year:

 

Calculating Tax:

Appraised Value:                                                         $100,000

  Less 20% optional exemption (100,000 x 20%)        – 20,000

  Less state-mandated general homestead                 – 25,000

Equals Taxable Value                                                   = $55,000

   X Tax Rate per $100/value ($1.30/100)                     x 0.013

Equals Taxes Due                                                         = $715.00

The mill levy rate is based on the location of the property.

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