Sales Tax: The sales tax rate is 8.25%, equating to $8.25 per $100 spent.
Corporate Income Tax: Texas does not impose a corporate income tax, resulting in a 0% rate and $0 per $100 of income.
Property Tax: The property tax rate varies, but a common rate is approximately 2.18%, which translates to $2.18 per $100 of assessed property value.
City of Dallas Business Incentives
Infrastructure Investment Fund
Dallas Development Fund (DDF) and New Markets Tax Credits (NMTC):
Dallas, Texas, is a vibrant city located in the northern part of the state. It is strategically positioned with easy access to major highways, including Interstate 35E, which runs north-south through the city, and Interstate 20, which runs east-west. Dallas is also in close proximity to Fort Worth, with the two cities forming the bustling Dallas-Fort Worth metroplex, one of the largest and most dynamic metropolitan areas in the United States.
Demographics: Dallas boasts a diverse and growing population, with a significant workforce that contributes to its thriving economy. The city's workforce is well-educated and diverse, reflecting the multicultural character of Dallas. This diversity is a key strength, providing a rich cultural fabric and a wide range of skills and talents to the local economy.
Wages: The median household income in Dallas is competitive, reflecting the city's strong economy and the presence of high-paying industries. Meanwhile, the median rent in Dallas offers a range of living options, from luxury apartments to more affordable housing, catering to the diverse needs of its residents.
Key Industries: Dallas is known for its robust economy with key industries including technology, financial services, defense, telecommunications, and transportation. The city is also a major hub for corporate headquarters, with a significant number of Fortune 500 companies choosing Dallas as their home base. This diverse industrial base contributes to the city's economic resilience and growth.
Quality of Life: Dallas offers an exceptional quality of life, with a wide array of recreational and outdoor activities. The city boasts beautiful parks, such as the Klyde Warren Park and the Dallas Arboretum and Botanical Garden, offering residents and visitors alike a place to enjoy the outdoors. Additionally, Dallas is known for its vibrant arts scene, world-class museums, and a wide variety of dining and shopping options, making it a great place to live and work.
Education: The city is home to several top universities and community colleges, including Southern Methodist University (SMU) and the University of Texas at Dallas (UTD), both of which are renowned for their research programs and academic excellence. Dallas County Community College District also offers a wide range of programs and courses, providing valuable education and training resources to the community.
Businesses: Dallas is home to a number of top corporations and companies, including AT&T, Texas Instruments, and Southwest Airlines. The presence of these major companies, along with a supportive ecosystem for startups and small businesses, contributes to the city's dynamic and innovative business environment.
Economic Development Organizations: Several organizations are at the forefront of local economic development in Dallas. The Dallas Regional Chamber and the Dallas Economic Development Corporation play key roles in promoting the city as a prime location for business and investment. These organizations work tirelessly to attract new businesses to the city, support the growth of existing companies, and enhance the overall economic prosperity of the Dallas region.
Director, Office of Economic Development at City of Dallas
Vice President of Economic Development at Dallas Regional Chamber