Taxes and Incentives
Texas (and Weatherford) has one of the lowest tax burdens in the U.S. That’s a big reason why more and more companies are opening their doors here. There is no corporate or personal income tax, plus an impressive array of state and local exemptions and abatements for property, manufacturing machinery and equipment, R&D materials, software, and solar energy devices.
| Sales Tax Breakdown | |
|---|---|
| State of Texas | 6.25% |
| City of Weatherford | 1.5% |
| Parker County | 0.5% |
| Total | 8.25% |
| Property Tax Breakdown | |
|---|---|
| City of Weatherford | 0.4581 |
| Parker County | 0.2626 |
| Weatherford ISD | 1.2393 |
| Hospital District | 0.1051 |
| Jr College District | 0.1225 |
| Lateral Roads | 0.0667 |
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*Property tax rates are assessed per $100 valuation.
For a complete list of taxing entities in Parker County and current tax rates.
Incentives
Weatherford offers many incentive options that businesses may qualify for, including:
- Tax abatements/exemptions
- Freeport Tax Exemption
- Tax Increment Reinvestment Zones
- Industrial Incentives
- Texas Enterprise Fund
For more information on incentives and financing options available through the City of Weatherford.
