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Tax Comparison
Real and Personal Property Tax 2021 | |||
---|---|---|---|
City of Lorena | 0.533460 | ||
McLennan County | 0.425000 | ||
McLennan Co. Community College*** | 0.149782 | ||
Lorena ISD* | 1.200310 | ||
Total |
2.308552 |
Exemptions
- Lorena ISD Exemptions Homestead $25,000; Over 65 - $35,000; Disabled or Under 65 - $25,000
- County exemptions Homestead 20% or $5,000 min, Over 65 - 20% + $35,000; Disabled or Under 65 - 20%
- ***County Community College Homestead 20% or $5,000 min; Over 65 - 20% +$12,000; Disabled or Under 65 - $20%
Comparative tax rates of other cities in McLennan County 2021 | |||
---|---|---|---|
Population |
City |
Tax Rate |
|
1,761 | Lorena | 0.533460 | |
15,131 | Hewitt | 0.540102 | |
1,539 | Bruceville-Eddy | 0.500000 | |
9,166 | Woodway | 0.470000 | |
5,581 | McGregor | 0.546945 | |
12,282 | Robinson | 0.507000 |
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.