Texas does not levy an individual income tax on TX residents. This means that you're not required to file a Texas state tax return.What is Texas personal income tax?
The Texas corporate income tax is the business equivalent of the Texas personal income tax, and is based on a bracketed tax system. Similar to the personal income tax, businesses must file a yearly tax return and are allowed deductions such as wages paid, cost of goods sold, and other qualifying business expenses.What are the property taxes in the state of Texas?
There is no state property tax in Texas. There are no federal taxes either; thus all property taxes collected in the state are imposed and further managed by local governments and are spent directly to local needs. Property taxes are collected by local authorities in accordance with Texas laws.