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March
11

States Where Americans Are Paying the Most/Least Taxes

Texas Ranks 45th on Taxation

Taxes are one of the few certainties in life — but they do not have to be a great burden. From the checkout counter to the 1040 form due every April, what Americans end up paying in taxes depends largely on where they live.  While all Americans are generally subject to the same federal tax code, each of the 50 states has broad authority to levy its own sales, income, and property taxes — or not.

With data from tax policy advocacy group Tax Foundation, 24/7 Wall St. reviewed the total tax burden as a share of income on a per capita basis to identify the states with the lowest and highest tax burden. Federal taxes are not included in the calculation.  While every state government relies on taxes to operate, no two state tax structures are exactly the same. For example, four states do not charge a sales tax and seven states do not levy personal income taxes. In stark contrast, 13 states derive the largest share of their annual tax revenue from sales taxes and nine from personal income taxes.

 

THE SIX HIGHEST TAXED STATES

  1. New York
  2. Connecticut
  3. New Jersey
  4. California
  5. Illinois
  6. Wisconsin

 

THE FIVE LOWEST TAXED STATES

 

  1. Texas

           * Taxes paid as percent of income: 7.6%

             * Income per capita: $47,362 (24th lowest)

             * State Income Tax Collections: -0-  (tied for lowest)

             * Property tax collections per capita: $1,731 (13th highest)

            * General sales tax collections per capita: $1,151 (5th highest)

  1. Louisiana
  2. Tennessee
  3. Wyoming
  4. South Dakota
  5. Alaska

- 24/7 Wall Street, March 2019

July
12

Rising Recapture for North Texas

Districts

Total

Aledo

$1,302,064

Allen

$3,590,352

Argyle

$272,830

Carroll

$34,575,215

Carrollton-Farmers Branch

$22,516,436

Celina

$114,767

Coppell

$45,012,181

Crowley

$32,287

Dallas

$16,345,107

Eagle Mountain-Saginaw

$529,419

Glen Rose

$4,791,034

Granbury

$8,465,995

Grapevine-Colleyville

$54,225,111

Highland Park

$109,572,068

Kennedale

$23,317

Lake Dallas

$139,458

Lewisville

$17,918,467

Little Elm

$831,896

Lovejoy

$938,605

McKinney

$5,031,641

Pilot Point

$116,855

Plano

$209,401,299

Prosper

$1,836,640

Waxahachie

$302,350

Weatherford

$1,061,309

SOURCE: Estimates from Texas Education Agency

  • Dallas Morning News, July 4, 2018 (excerpts)
July
11

Dallas Area School Districts Pay Heavily in the Robin Hood School Tax

Below are the top 20 districts in which property owners paid the biggest Robin Hood tax in 2018, along with the cumulative payments into Robin Hood since 1994. Included in the chart is the federal, state and local tax revenue allocated to the district's operating budget and across all funds – net of recapture – on a per student basis.  *School districts with relatively low enrollment (below 1,500 students)

 

Coppell and Highland Park Pay the Most Per Capita

Property taxes continue to rise, but increasingly for taxpayers in North Texas, those dollars aren't going to local school districts.  According to estimates from the Texas Education Agency for the 2018-19 school year, 25 D-FW school districts are expected to surrender $539 million back to the state through recapture, the mechanism designed to better balance school funding between "property-rich" and "property-poor" districts.  Statewide, the TEA estimates that 217 school districts will be subject to recapture for the upcoming school year, with $2.69 billion of local property taxes siphoned back to the state.  

 

In the North Texas area, Coppell and Highland Park school districts send the most to the state per capita, both classified as "property-rich" districts to help pay for the "property-poor" districts around the state, mostly along the Texas border with Mexico.   Interestingly, Frisco ISD has not been classified as a "property-rich" district but that may change as early as next year, in which then millions of tax dollars will be required to be sent to the state.  This will be a financial dilemma for Frisco since the school district has been unable to get voter approval for higher taxes. 

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