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Taxes & Incentives |
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The low cost of doing business is another great advantage your operation will enjoy in Schertz. |
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| Sales Tax |
8.25%:
6.25% (state) 2% city |
| Corporate Income Tax |
NONE |
| Personal Income Tax |
NONE |
| Property Tax (per $100 valuation) |
$2.04 - $2.14 |
| Franchise Taxes |
.25 % on net taxable capital or 4.5% on net earned surplus, whichever is greater |
| Unemployment Compensation |
2.7 % |
| Wage Limit for Unemployment |
$9,000 |
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Schertz
Property Taxes for Guadalupe County Resident |
| Guadalupe County Resident Tax Rate |
0.3295 |
| Lateral Road |
0.0600 |
| Schertz
ISD |
1.315 |
| City
of Schertz |
0.409 |
| Total
per $100 valuation |
$2.1135 |
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Incentives
The City of Schertz recognizes that every business faces different market conditions and constraints. Various local, state and federal programs exist to assist businesses with a variety of needs and purposes, and the city is willing to help a business identify and understand the resources available. As such, Economic Development staff members are prepared to help you realize the opportunities and incentives available to help your business relocate or expand operations. The department is prepared to discuss a number of business incentives including:
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Tax Phase-Ins
Based upon the new tax base value the project will bring to the city, as well as the number and type of jobs a project will create or save, the City of Schertz considers tax phase-ins for eligible developments.
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Triple Freeport Tax Exemptions
The Triple Freeport designation allows schools, cities and counties to exempt business inventory from taxes if goods are shipped out of state within 175 days. Since all three entities vote separately on whether or not to exempt inventory from taxes, receiving an exemption from one entity does not guarantee receiving an exemption from another. In Schertz, all three entities have already enacted the exemption, allowing complete Freeport Tax Exemption on all eligible inventories. If your warehouse is located in Schertz, your company does not have to pay any inventory tax on goods that move in and out of Texas within a 175 day period. The exemption applies to inventory that is forwarded out of Texas within 175 days of the date acquired or brought into the state.
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