Taxes

Business Taxes

There's a reason so many businesses are moving to Texas, the state is very "tax friendly." Here are some of the tax incentives that businesses can take advantage of in Athens.

  • Freeport Tax Exemption
  • Property Tax Rebate
  • Foreign-Trade Zone with Alternative Site Framework
  • Enterprise Zone Projects
  • Tax Increment Reinvestment Zone
  • Chapter 380 of the Texas Tax Code
  • No State Personal Income Tax
  • No State Corporate Income Tax
Sales Tax Rate - 8.25 Percent
Income Tax - No

Personal Taxes

There is no income tax in Athens and Henderson County. The sales tax is 8.25%. Property taxes are comparable to, if not a little lower than similarly sized cities in Texas. You could pay anywhere from $2,100 to $5,100 per year on homes from $150,000 to $350,000.

TaxBasesRateAgency

Corporate Income and Franchise Tax

The franchise tax is a privilege tax imposed on each taxable entity chartered/organized in Texas or doing business in Texas.

9.75% for most taxable entities, 4.87% for entities primarily engaged in retail or wholesale trade

Texas Comptroller's Office

Sales and Use Tax

Sales of goods and services

8.25%

Texas Comptroller's Office

Unemployment Insurance

Effective Tax Rate for 2015 = General Tax Rate (GTR) + Replenishment Tax Rate (RTR) + Obligation Assessment Rate (OA) + Deficit Tax Rate (DTR) + Employment and Training Investment Assessment (ETIA)

0.46% to 6.46% on the first $9,000 that employee earns during the calendar year per employee.

Texas Workforce Commission