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Tax Structure

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State Government Tax Collections

Total Taxes

$60,328,843

Sales and Gross Receipts Taxes

$51,462,209

General Sales and Gross Receipts Taxes

$36,129,876

Selective Sales and Gross Receipts Taxes

$15,332,333

Alcoholic Beverages Sales Tax

$1,321,516

Amusements Sales Tax

$30,023

Insurance Premiums Sales Tax

$2,445,005

Motor Fuels Sales Tax

$3,710,307

Pari-mutuels Sales Tax

$6,510

Public Utilities Sales Tax

$630,057

Tobacco Products Sales Tax

$1,440,336

Other Selective Sales and Gross Receipts Taxes

$5,748,579

License Taxes

$3,635,024

Alcoholic Beverages License

$78,742

Amusements License

$16,387

Corporations in General License

$152,899

Hunting and Fishing License

$110,770

Motor Vehicle License

$2,358,248

Motor Vehicle Operators License

$141,892

Public Utilities License

$22,456

Occupation and Business License, NEC

$609,900

Other License Taxes

$143,730

Other Taxes

$5,231,610

Severance Taxes

$5,231,610

State Gross Public Debt

Debt Per Capita

$1,876.29

Total Debt of State

54.6 Billion

Total Debt of Local Governments

258.7 Billion

Combined Total Debt

313.3 Billion

Gross Domestic Product(GDP)

1,867.80 Billion

Real Estate Growth

2.1%

Median Total State and Local Taxes

National Median Total State and Local Tax Rate Per Household

12.71%

National Median Total State and Local Taxes Paid Per Household

$7,380

State Median Total State and Local Taxes Paid Per Household

$6,576

Difference Between National Median and State Median

18.14%

State Bond Ratings

Fitch

AAA

Moody's

Aaa

S&P Global

AAA

State Income Tax

Income Tax Rate

None

Number of Brackets

Top Income Range

State Real Estate Tax

Mean Real Estate Tax Rate

1.83%

Mean Real Estate Taxes Paid

$2,775

State Unemployment Insurance Tax

New Employer Tax Rate

Varies

Sales Tax

State Sales Tax Rate

6.25%

Collin County

0.00%

Cooke County

0.50%

Denton County

0.00%

Fannin County

0.50%

Grayson County

0.00%

Hunt County

0.50%

Oklahoma

4.50%

Bryan County

0.50%

Love County

2.50%

Marshall County

2.00%

Minimum Sales Tax Rate (State and County)

6.25%

Maximum Sales Tax Rate (State and County)

10.75%

Source:
AvaTax
California State Treasurer's Office
Census Bureau
Department of Labor
Department of Revenue
Tax Foundation