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Taxation
Taxation
Property in Burnet County is appraised at market value by the Burnet Central Appraisal District. The City of Marble Falls, Burnet County and the Marble Falls Independent School District exempt inventories held for under 175 days and exported from the State of Texas. This "Triple Freeport" exemption applies to all locations and industrial parks in the City of Marble Falls.
2020 Property Tax Rates (per $100 assessed value)
Taxing Entity | Rate |
---|---|
City of Marble Falls* | $.6100* |
*Interest and Sinking Fund | $.3535 |
*Maintenance and Operations | $.2565 |
Burnet County | $.3582 |
Burnet County Special | $.0417 |
Central Texas Groundwater | $.0072 |
Marble Falls ISD | $1.1850 |
Total Rate | $2.2021 |
Sales Tax Exemptions
- Groceries
- Prescriptions
Corporate of Personal Income Tax
None in Texas
State Franchise Tax
- 4.5% / 2.5% per $1000 net taxable income / taxable capital
- Texas has no corporate or personal income tax
Sales Tax
Tax | Rate |
---|---|
City Sales Tax | 2.00% |
State Sales Tax | 6.25% |
Total Rate | 8.25% |
Principal Taxpayers (Fiscal Year Ending September 30, 2020)
Taxpayer | Type of Business | 2019 Assessed Valuation (1) | Percentage of Assessed Value |
---|---|---|---|
NE Marble Falls LP | Construction | $17,000,000 | 1.797% |
WorldMark, The Club | Hospitality | $14,434,311 | 1.789% |
HTA-Marble Falls MOB LLC | Hospital | $14,026,820 | 1.605% |
Homestead Mormon Mill, LP | Apartments | $12,222,103 | 1.500% |
Huber Carbonates LLC | Stone Quarry | $12,047,656 | 1.264% |
Bray Spaar Partnership | Retail | $11,700,000 | 1.173% |
Pedernales Electric Co Op | Electric Company | $ 10,347,706 | 1.071% |
WalMart Stores Inc | Discount Retailer | $ 9,454,760 | 0.921% |
L Dor V Dor LLC | Retail | $ 7,800,000 | 0.897% |
H.E.B Grocery | Retail | $ 6,704,660 | 0.752% |
(1) Source: Burnet County Appraisal District |