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Tax Structure

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State Government Tax Collections

Total Taxes

$16,324,900

Property Taxes

$495,753

General Sales and Gross Receipts Taxes

$4,329,546

Total Sales and Gross Receipts Taxes

$7,540,587

Alcoholic Beverage Taxes

$271,442

Insurance Premiums Taxes

$513,226

Motor Fuels Taxes

$949,982

Pari-Mutuels Taxes

$5,221

Public Utilities Taxes

$702,352

Tobacco Products Taxes

$156,313

Other Selective Sales and Gross Receipts Taxes

$612,505

Alcoholic Beverages Licenses

$4,102

General Corporation Licenses

$207,653

Hunting and Fishing Licenses

$26,159

Motor Vehicle Licenses

$239,930

Motor Vehicle Operators Licenses

$35,999

Public Utilities Licenses

$12,792

Occupation and Business Licenses

$70,335

Other License Taxes

$1

Income Taxes

$7,552,679

Individual Income Taxes

$6,089,061

Corporation Net Income Taxes

$1,463,618

Other Taxes

$138,910

Documentary and Stock Transfer Taxes

$78,057

Severance Taxes

$60,853

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%

Bastrop County

0.50%

Caldwell County

0.50%

Comal County

0.50%

DeWitt County

0.00%

Fayette County

0.50%

Goliad County

0.00%

Gonzales County

0.50%

Guadalupe County

0.50%

Hays County

0.50%

Karnes County

0.50%

Lavaca County

0.00%

Victoria County

0.50%

Wilson County

0.00%

Minimum Sales Tax Rate (State and County)

6.25%

Maximum Sales Tax Rate (State and County)

6.75%

Sources:

Federal Reserve Economic Data (FRED), Tax Foundation