Economic
Profile: Tax Values
2008 Ad Valorem Tax Rate
Note: Tax rate is “per
$100 of assessed value”. Assessed value is
100% of market value. Tax rate applies to real estate
and personal property. Sunnyvale has triple freeport
exemption on inventory that has been in the State of Texas
less than 175 days
|
2008
Tax Rate Comparison
|
|
Tax
Authority
|
Sunnyvale
|
Dallas
|
Garland
|
Mesquite
|
Seagoville
|
Forney
|
Terrell
|
| Town/City |
0.377962
|
0.747900
|
0.699600
|
0.640000
|
0.635000
|
0.680540
|
0.650000
|
| School
District/ ISD |
1.370000
|
1.183402
|
1.253300
|
1.400000
|
1.183402
|
1.460000
|
1.310000
|
| Dallas
or Kaufman County |
0.228100
|
0.228100
|
0.228100
|
0.228100
|
0.228100
|
0.474800
|
0.474800
|
| School
Equalization-Services |
0.004714
|
0.004928
|
0.004928
|
0.004928
|
0.004928
|
|
|
| Parkland
Hospital |
0.254000
|
0.254000
|
0.25400
|
0.254000
|
0.254000
|
|
|
| Dallas
Co. Community College/Trinity Valley CC |
0.080400
|
0.089400
|
0.089400
|
0.089400
|
0.089400
|
|
|
| Kaufman
Co. Road & Bridge Tax |
|
|
|
|
|
0.780000
|
0.780000
|
| Total
Taxes |
2.32439
|
2.507730
|
2.529328
|
2.616428
|
2.394830
|
3.395340
|
3.214800
|
| |
| Cities/Towns
Tax Exemptions Offered
|
| General
Homestead |
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
| Homestead
for +65 |
$65,000
|
$64,000
|
$51,000
|
$65,000
|
$30,000
|
$10,000
|
$5,000
|
| Disabled |
$65,000
|
$64,000
|
$51,000
|
$15,000
|
$0
|
$0
|
$0
|
| |
| ISD/School
District Tax Exemptions Offered
|
| General
Homestead |
$15,000
|
$15,000
|
$15,000
|
$15,000
|
$15,000
|
$15,000
|
$15,000
|
| Homestead
for +65 |
$10,000
|
$45,000
|
$10,000
|
$25,000
|
$45,000
|
$10,000
|
$10,000
|
| Disabled |
$10,000
|
$45,000
|
$10,000
|
$10,000
|
$45,000
|
$10,000
|
$10,000
|
| |
| County,
School Equalization, Hospital Tax Exemptions
|
| General
Homestead |
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
| Homestead
for +65 |
$69,000
|
$69,000
|
$69,000
|
$69,000
|
$69,000
|
$15,000
|
$15,000
|
| Disabled |
$69,000
|
$69,000
|
$69,000
|
$69,000
|
$69,000
|
$15,000
|
$15,000
|
| |
| Community
College District Exemptions
|
| General
Homestead |
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
| Homestead
for +65 |
$50,000
|
$50,000
|
$50,000
|
$50,000
|
$50,000
|
$15,000
|
15,000
|
| Disabled |
$50,000
|
$50,000
|
$50,000
|
$50,000
|
$50,000
|
$0
|
$0
|
| Commercial/Industrial
Tax Abatement |
yes
- 2.5m
|
yes
variable
|
yes
variable
|
yes
- $2m
|
yes
|
yes
|
yes
|
| Triple
Freeport |
yes
|
yes
|
yes
|
yes
|
yes
|
yes
|
yes
|
| |
| Taxes
State
|
| Corporate
Income Tax |
No
|
No
|
No
|
No
|
No
|
No
|
No
|
| Corporate
Personal Income Tax |
No
|
No
|
No
|
No
|
No
|
No
|
No
|
| Local
Wage Taxes |
No
|
No
|
No
|
No
|
No
|
No
|
No
|
| |
| Texas
Franchise Tax |
| Partnerships
and corporations after $300,000 of revenues due
0.5% in retail & wholesale and others 1% of revenue
minus wages & contributions or 70% margin or
COGs |
|
Sources: Dallas
County Central Appraisal District and Kaufman County Tax
Assessor/Collector.
Tax Values for Sunnyvale
|
Category
|
2005
|
2006
|
2007 |
|
Values
|
%
|
Values
|
% |
Values |
%
|
| Business
Personal Property |
$
52,035,629 |
12% |
$
77,959,660
|
14% |
$
77,849,564 |
14%
|
| Commercial |
$
83,540,477 |
18% |
$106,487,257
|
20% |
$102,939,253 |
18%
|
| Residential |
$316,142,163 |
66% |
$355,185,967
|
66% |
$391,009,096 |
68%
|
| Taxable
Value Total |
$451,718,269 |
100%
|
$539,633,884
|
100% |
$571,797,913 |
100%
|
Source: Sunnyvale
Tax Assessor/Collector.
Top 10 Sunnyvale Taxpayers
- Dal-Tile
- American Marazzi Tile
- Home Depot
- Superior Trailer
- Texas Utilities
- Southwestern Bell
- Associated Truss
- RKS Texas
- 2 x 2 Partnership—Adell Corp
- Fry Street LP
|
