Texas is a business-friendly state, and since the year 2000, it has been on a phenomenal economic growth trend dubbed the “Texas Miracle.” Preliminary current dollar GDP estimates also released today for the full year of 2022 show the Texas economy grew to an estimated $2.36 trillion in size—up from $2.1 trillion in 2021. Population and the per-capita income have grown substantially as well.
No corporate or individual income tax and no individual or corporate capital gains tax means Texas has one of the lowest tax burdens in the country!
Levelland/Hockley County Sales Tax
Levelland’s sales and use tax rate is 8.25%, a combination of the Texas state sales tax rate of 6.25% and local taxing jurisdictions with a rate of 2%.
Property Tax
Local governments and special taxing districts levy property taxes on real and tangible personal property in Texas. Property is appraised at full-market value, and taxes are assessed by local county assessors on 100% of appraised value.
Taxing Entity |
Rate Per $100 Valuation |
|---|---|
City of Levelland |
$0.645000 |
Hockley County |
$0.546250 |
Levelland ISD |
$1.296400 |
High Plains Water District |
$0.005500 |
South Plains College |
$0.392703 |
Total Tax Rate |
$2.885853 |