Taxes
2023 Property Taxes | % | Lavon Exemptions - from taxable value on home or property |
City of Lavon | 0.420000 | Incentives: Homestead 1% ($5,000 min) Disabled Person $ 20,000+freeze, Over 65 $20,000 + freeze, Freeport & Goods In Transit |
Community ISD | 1.257500 | Incentives: Homestead $100,000, Disabled $10,000 + freeze, Over 65 $10,000 + freeze |
Collin County | 0.149343 | Incentives: Homestead 5% ($5,000 min), Disabled $20,000+ freeze, Over 65 $30,000 + freeze, Freeport |
Co. College | 0.081220 | Incentives: Homestead 20% ($5,000 min) Over 65 $100,000+ freeze, Disabled $100,000 + freeze, Freeport & Goods In Transit |
1.908063/per$100 valuation Plus for property in Elevon MUD #1a 1.20000 additional |
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