Sales Tax: The sales tax rate is 8.25%, equivalent to $8.25 per $100.
Corporate Income Tax: Texas does not impose a corporate income tax.
Property Tax: The property tax rate is approximately 2.69%, or $2.69 per $100 of assessed value.
Type A and Type B Sales Tax Funds
Chapter 380 Loans and Grants
Mansfield, Texas, is a vibrant city located in the southeastern part of the Dallas-Fort Worth Metroplex. It is strategically positioned with easy access to major highways, including US 287 and State Highway 360, making it a convenient hub for businesses and residents alike. Its proximity to both Dallas and Fort Worth offers the benefits of urban resources while maintaining a distinct, community-focused atmosphere.
Demographics: Mansfield boasts a diverse and growing population, characterized by a well-educated workforce. The city has seen significant population growth over the past decade, attracting families and professionals alike. This growth has contributed to a dynamic labor pool, with a notable percentage of the population holding bachelor's degrees or higher.
Wages: The median household income in Mansfield is well above the national average, reflecting the city's prosperous economic environment and the high-quality jobs it offers. Meanwhile, the median rent in Mansfield is competitive, providing affordable living options for its residents without compromising on quality or access to amenities.
Key Industries: Mansfield's economy is diverse, with key industries including healthcare, education, retail, and manufacturing. The city has also seen growth in technology and logistics, thanks to its strategic location and robust infrastructure. These industries provide a stable economic base and a wide range of employment opportunities for residents.
Quality of Life: Mansfield is renowned for its high quality of life, offering residents a blend of urban and suburban living. The city boasts numerous parks, recreational facilities, and a variety of outdoor activities, including the Mansfield National Golf Club and the Walnut Creek Linear Park. These amenities, along with a low crime rate and excellent schools, make Mansfield an attractive place to live and work.
Education: While Mansfield itself does not host universities or community colleges, it is in close proximity to several higher education institutions in the Dallas-Fort Worth area, including the University of Texas at Arlington and Tarrant County College. These institutions provide residents with access to a wide range of undergraduate, graduate, and continuing education programs.
Businesses: Mansfield is home to a variety of businesses, ranging from local startups to established corporations. Notable companies in the city include Mouser Electronics, a leading global distributor of semiconductors and electronic components, and Methodist Mansfield Medical Center, a full-service hospital that serves the community's healthcare needs.
Economic Development Organizations: The Mansfield Economic Development Corporation (MEDC) plays a crucial role in the city's economic development. The MEDC works to attract, retain, and support businesses, fostering a thriving business environment. Additionally, the Mansfield Area Chamber of Commerce provides resources and networking opportunities for businesses of all sizes, promoting growth and collaboration within the community.
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