Lavon EDC Gateway to East Texas
972.843.4220

Taxes

2019 Property Taxes % Lavon Exemptions - from taxable value on home or property
City of Lavon 0.478957 Incentives: Homestead 1% ($5,000 min) Disabled Person $ 20,000, Over 65 $20,000, Freeport & Goods In Transit
Community ISD 1.568350 Incentives: Homestead $25,000, Disabled $10,000, Over 65 $10,000
Collin County 0.174951 Incentives: Homestead 5% ($5,000), Disabled $20,000, Over 65 $30,000, Freeport & Good In Transit 
Co. College 0.081222 Incentives: Homestead 1% ($5,000 min) Over 65 $30,000, Disabled $20,000, Freeport & Goods In Transit
Total Property 2.303480/per$100 valuation  

 

Sales Tax - 8.25% (Texas 6.25% Lavon  2.0%)
Franchise Tax Texas –On corporations, 0.25% of taxable capital starting with taxable capital over $900,000.
Income Tax- None in Texas

Recent News

LEDC Offers a $20 Coupon in response to COVID-19
June 16th 2020 - In response to the COVID-19 pandemic the Lavon Economic Development... read more.


Race Trac Conditional Use Approved
April 9th 2020 - Race Trac Convenience Store & Auto Fueling Station received... read more.


Business Owners at Jan Card Exchange
January 17th 2017 - Business owners shared their products and services today at the... read more.

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LAVON ECONOMIC
DEVELOPMENT CORPORATION

P.O. Box 340 | 120 School Road
Lavon, TX 75166
972.843.4220 | [email protected]