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With no corporate or individual state income tax, Texas has one of the lowest tax burdens in the country.

Franchise Tax

The franchise tax is imposed on each taxable entity chartered or organized in Texas or doing business in Texas (List of Entities Subject to Franchise Tax). The following rates, thresholds and deduction limits apply to reports originally due on or after January 1, 2020 and until December 31, 2021:  

No Tax Due Threshold $1,180,000
Tax Rate (retail or wholesale) 0.375%
Tax Rate (other than retail or wholesale) 0.75%
Compensation Deduction Limit $390,000
EZ Computation Total Revenue threshold $20 million
EZ Computation Rate 0.331%

Visit the Texas Comptroller of Public Accounts website for more franchise tax information.

Sales and Use Tax

The Sales and Use tax is 8.25% on taxable sales. The breakdown is:

State of Texas 6.25 %
City of Denton 1.50 %
Denton County Transportation Authority 0.50 %
Total 8.25 %


Property Tax

The 2020 Real and Personal Property Tax Rates (Property and Inventory) per $100 in assessed value are:

City of Denton $0.590454
Denton County $0.224985
Denton Independent School District $1.407600
Total $2.223039


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