DeSoto FY21----FY22-Approved-Budget

Property Tax Rates 201 9 - 20 Ad Valorem Tax Rates (Per $100 Assessed Value)

Sales Tax Rates

State Sales Tax

6.25 %

City of DeSoto

1.00 %

Property in DeSoto Independent School District

0.7 016

City of DeSoto

Parks

.125 %

1. 5284

DeSoto ISD

Property Tax Relief

.50 %

Dallas County

0.2431

Economic Development

.375 %

0.1242

Dallas Comm. College

Total

8.250 %

Parkland 0.2 695 Dallas County School Equalization 0.0100

Source: Texas Comptroller of Public Accounts

2. 8 76 8

Total

Property in Dallas Independent School District

0.7 016

City of DeSoto

1. 3 1 03

Dallas ISD

Dallas County

0.2431

0.12 42

Dallas Comm. College

Parkland 0.2 695 Dallas County School Equalization 0. 0100

Total 2.6 587 The City of DeSoto includes property in three school districts. Only a limited area is in the Duncanville Independent School District. The State of Texas does not assess an ad valorem property tax at this time. Property Tax Exemptions Residence homestead exemptions for 2017 are listed below. Applications for the exemptions are required to be filed in a timely manner.

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.

City of DeSoto

DeSoto ISD

$ 2 5,000

Homestead

None

Over 65

$30,000

$25,000

Disabled Person

$25,000

$25,000

Source: Dallas County Appraisal District

Income Tax

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

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

Source: Texas Comptroller of Public Accounts

DeSoto Community Profile - Page 3

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