Tax Rates
Property Tax Rates
2010 Ad Valorem Tax Rates (Per $100 Assessed Value)
Property in DeSoto Independent School District
| City of DeSoto |
0.73512 |
| DeSoto ISD |
1.49 |
| Dallas County |
0.2431 |
| Total |
2.46822 |
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Property in Dallas Independent School District
| City of DeSoto |
0.73512 |
| Dallas ISD |
1.237811 |
| Dallas County |
0.2431 |
| Total |
1.972931 |
|
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.
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Sales Tax Rates
| State Sales Tax |
6.250% |
| City of DeSoto |
1.000% |
| Parks |
0.125% |
| Property Tax Relief |
0.500% |
| Economic Development |
0.375% |
| Total |
8.250% |
Source: Texas Comptroller of Public Accounts
The State of Texas levies a sales tax of 6.25% on the sale of tangible personal property and taxable services. Certain specific exemptions apply.
In 1994, the City of DeSoto voted to levy an additional 1.00% sales tax to be allocated for property tax relief, new park projects and economic development.
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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 firm 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.
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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%.
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