What are the tax rates in Texas?
An example of an AI chatbot conversation about Texas tax rates and regulations.
What are the tax rates in Texas?
Texas has no state income tax, but it does have sales and property taxes. The state sales tax rate is 6.25%.
Are there any local taxes I should be aware of?
Yes, many cities and counties in Texas impose additional sales taxes, which can range from 0.5% to 2%.
How does property tax work in Texas?
Property taxes in Texas are based on the appraised value of your property and are collected by local governments.
What deductions can I claim on my Texas taxes?
While Texas has no state income tax, you can still claim federal deductions, such as mortgage interest and property taxes.
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