Tax Comparison

Real and Personal Property Tax 2015
City of Lorena 0.590000
McLennan County 0.535293
McLennan Co. Community College*** 0.151530
Lorena ISD* 1.6400

Total

2.916823

Exemptions


  • Lorena ISD Exemptions Hmstead $25,000; over 65 $35,000; disabled under 65 $35,000
  • county exemptions Hmstead 20% or $5,000 min, over 65 20% + $35,000; disabled under 65 $35,000
  • ***county Community College Hmstead 20% or $5,000 min; over 65 20% +$12,000; disabled under 65 $12,000

Comparative tax rates of other cities in McLennan County 2015

Population

City

Tax Rate

1,733 Lorena 0.590000
14,166 Hewitt 0.539677
1,494 Bruceville-Eddy 0.498159
8,760 Woodway 0.456900
5,041 McGregor 0.600000
11,416 Robinson 0.470000

Sales Tax
Texas Sales Tax 6.25%
McLennan County Sales Tax 0.5%
Lorena Sales Tax 1.5%

Total

8.25%


Texas Income Tax
None

Texas Franchise Tax


Partnerships and corporations after $300,000 of revenues due 0.5% in retail and wholesale and other 1% of revenue minus wages and contributions or 70% margin or Cost Of Goods.