No State Property or Personal Income Tax
Texas has no state property tax and lets local municipalities set land ownership tax rates. It also does not have an individual income tax, making it one of seven remaining states to reduce this extra cost. Companies that move their operations to Texas can enjoy several tax benefits, while individuals who work for those companies can also enjoy low tax rates.
Greenville Property Tax Rates
Because local municipalities can set their own tax rates, both Greenville and Hunt County have opted for lower tax options, in order to support growth and investment in the region. Here is what you can expect from your property taxes per $100 of assessed value:
$0.558
The City of Greenville
$0.9669
Greenville Independent School District
$0.323328
Hunt County
$0.200362
Hunt County Hospital District
This is a total property tax rate of $2.0489 per $100 of assessed value. The Hunt County Tax Office provides more information about these tax rates.
Texas also offers a generous homestead exemption for primary residences, with additional exemptions for businesses.
Sales Tax Rates
Companies that operate in Greenville can expect to pay 8.25% in total sales tax. This breaks down to:
- 6.25% for the state of Texas
- 0.50% for Hunt County
- 1.5% of the City of Greenville (.125% for Type A economic development corporation)
