FY2016-17 Budget Final

Property Tax Rates 2016 Ad Valorem Tax Rates (Per $100 Assessed Value) Property in DeSoto Independent School District City of DeSoto 0.7449 DeSoto ISD 1.4600 Dallas County 0.252371 Dallas Comm. College 0.1229 Parkland 0.2794 Total 2.859571 Property in Dallas Independent School District City of DeSoto 0.7449 Dallas ISD 1.2821 Dallas County 0.252371 Dallas Comm. College 0.1229 Parkland 0.2794 Total 2.681671 The City of DeSoto includes property in three school districts. Only a limited area is in the Duncanville Independent School Property Tax Exemptions Residence homestead exemptions for 2011 are listed below. Applications for the exemptions are required to be filed in a timely manner. City of DeSoto DeSoto ISD Homestead None $15,000 Over 65 $30,000 $25,000 Disabled Person $25,000 $25,000

Sales Tax Rates

State Sales Tax

6.250 %

City of DeSoto

1.000 %

Parks

.125 %

Property Tax Relief

.500 %

Economic Development

.375 %

Total

8.250 %

Source: Texas Comptroller of Public Accounts

Corporate Franchise Tax A corporate franchise tax is levied in Texas in place of a corporate income tax. The tax is levied on businesses organized in the corporate form in Texas. Corporations are taxed at the rate of the greater of $2.50 per $1,000 of net taxable capital or 4.5% of net taxable earned surplus.

Income Tax The State of Texas does not impose a personal or corporate income tax.

Hotel Occupancy Tax In the State of Texas, the hotel occupancy tax is 6% with individual cities having the option to add up to 7% tax. The total hotel tax in the City of DeSoto is 13%.

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