Texas is one of the few states that has no personal income tax. Instead, most local governing entities levy a property tax with an assessment ratio of 100 percent. Property values are established through the Jefferson County Appraisal District.
Most governing entities in Texas levy a property tax. The assessment ratio is 100 percent. Property values are established through the Jefferson County Appraisal District, and most taxes are collected through the Jefferson County Tax Assessor-Collector’s Office. Taxpayers can view their property tax balance and make payments online. More information can be found at www.co.jefferson.tx.us/taxoffice/main.htm.
Property values are established in a four-stage process each year by the Jefferson County Appraisal District, which also administers tax exemptions. Port Arthur has property tax exemptions for homeowners and for senior citizens. For information on appraisals and exemptions, call 727-4611 or visit the JCAD web site, www.jcad.org, which also has a property search database.
The State of Texas and other entities levy a sales tax on items that are considered non-essential. In addition, many cities and counties in the state have approved a half-cent sales tax to fund Economic Development Corporations. Port Arthur and the other cities in Jefferson County have EDCs. The Texas State Comptroller has more information at www.window.state.tx.us/m23taxes.html.
State Franchise Tax
The franchise tax is $2.50 per $1,000 of taxable capital and the amount, if any, by which a tax of 4.5 percent on earned surplus exceeds the tax on capital. The Texas State Comptroller has more information at www.window.state.tx.us/m23taxes.html.
Other Taxes for Business Owners
Business owners will have additional payroll taxes such as unemployment tax and Social Security. For details, dowload a copy of the Going Into Business Guide.
Special thanks to and courtesy of the Greater Port Arthur Chamber of Commerce and Convention and Visitor's Bureau. www.portarthurtexas.com