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Texas has a long history as being a low tax, business-friendly state. It also has a wealth of natural resources, a common border with Mexico, one of the U.S.’s largest trading partners, and a growing consumer base in a nation where consumers fuel 70 percent of economic growth.
Because Texas has a comparably low per-capita tax rate (no state income tax or statewide property tax), both Lindale and Smith County are quite attractive from a tax perspective.
Property Taxes: Texas has no statewide ad-valorem property tax. Local governments and special taxing districts levy property taxes on real and tangible personal property. All property is appraised at full-market value, and taxes are assessed by local county assessors on 100% of appraised value
|Property Taxes||Tax Rates 2013-2014|
|City of Lindale||0.482800|
|Lindale Independent School District (ISD)||1.435000|
|Tyler Junior College||0.199926|
|Emergency Service District #1 (Fire Service District)||0.059417|
|Total Property Tax Rate||$2.500707|
|Note: Tax Rate is for properties within the city limits of Lindale.|
Sales Tax: Maximum rate is 8.25% (exemptions for groceries, medicine, property for resale, manufacturing equipment, and many items used exclusively on farms and ranches for food production).
|Sales Tax Rates|
|Taxing Jurisdiction||Tax Rate|
|State of Texas||6.25 %|
|Smith County||0.50 %|
|City of Lindale||1.50 %|
|Total Sales Tax Rate||$8.25 %|
|Note: Tax Rate is for properties within the city limits of Lindale|
The State of Texas has an assortment of taxes that may--or may not--be applicable, depending on the type of business. Take the following off-site link to a listing of the various statewide taxes and rates.
Texas does NOT have a Personal Income Tax
Texas does NOT have a Business Income Tax
Corporate Franchise Tax
The Corporate Franchise Tax is imposed upon all corporations and limited liability companies that do business in Texas, or that are chartered or authorized to do business in the state.
Corporations pay the greater of the tax on net taxable capital or net taxable earned surplus. Taxable capital is a corporation's stated capital (capital stock) plus surplus. Surplus means the net assets of a corporation minus its stated capital. For a limited liability company, surplus means the net assets of the company minus its members' contributions. See the following off-site link to a State of Texas FAQ list for more information on the Corporate Franchise Tax, including the tax rates:
Lindale Industrial Park is located at the intersection of I-20 and Harvey Road in Lindale Texas.
Overview of business, industry, and quality of life in Lindale, Texas. You'll love living in Lindale!
Lindale has been the ideal location for the Target Distribution Center that services the Southern US for the last 15 years.
Overview of LISD produced by the Lindale EDC. Lindale has a top rated school district.
Tyler Junior College, with the help of Lindale EDC, has now opened a campus extension in Lindale, Texas.
Business Testimonial for Lindale, Texas by Jerry Alexander, owner of Red Barron Properties in Lindale, Texas.
Business testimonial by Bob Rothlisberger, Yorkshire Federal, Inc. for Lindale, Texas.
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