Taxation

Property Tax

Property in Dumas is subject to taxation by six different taxing jurisdictions. Property located in Moore County; outside Dumas city limits will have a slightly different tax structure. Below are the 2020-2021 tax rates per $100 of assessed value for property located within Dumas City limits:

Other Moore County taxing jurisdictions and tax rates per $100:

Income Tax
Texas does not collect personal income tax.  Corporate income tax is collected in the form of a franchise tax.

Franchise Tax
The Texas franchise tax is a privilege tax imposed on each taxable entity chartered/organized in Texas or doing business in Texas. Corporations pay the greater of the tax on net taxable capital or net taxable earned surplus. The revised franchise tax applies to partnerships (general, limited, and limited liability), corporations, LLCs, business political committees, and other legal entities. For further information, go to http://www.window.state.tx.us/taxinfo/franchise/index.html

The franchise tax rates are:

• 0.75% non-retail or wholesale
• 0.375% for wholesalers and retailers
• 0.331% for those entities with $20 million or less in Total Revenue (annualized per 12-month period on which the report is based) electing the E-Z Computation Rate
• EZ Computation Total Revenue Threshold
• $1,180,000 No Tax Due Threshold
• $390,000 Compensation Deduction Limit

Effective 01/01/2020 – 12/31/2021

Sales & Use Tax

Dumas Hotel/Motel Tax: 7% of taxable receipts

Tax Rates, Thresholds and Deduction Limits for Prior Years