Taxes in Richardson, Texas
Complete tax guide for Richardson, TX. No state income tax, 1.8% property tax, 7.62% sales tax. Calculate your total tax burden.
State Income Tax
None
Texas
Property Tax
1.8%
Effective rate
Sales Tax
7.62%
Combined rate
Tax Burden
Moderate
Richardson, TX Tax Overview
No state income tax; higher property taxes compensate
Population
121,323
Median Income
$72,000
Cost of Living
101.5 (100 = avg)
State Income Tax
None
Median Home Price
$345,000
Richardson Tax Calculator
Pre-filled with Richardson median: $72,000
Total Tax Burden in Richardson
$12,962
Take-Home: $59,038 · Effective Rate: 18.00%
Federal Tax
$7,454
10.35% eff.
TX State
$0
0.00% eff.
FICA
$5,508
7.65% eff.
Take-Home
$59,038
82.00% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $72,000.00 | $6,000.00 |
| Federal Income Tax | -$7,454.00 | -$621.17 |
| Texas State Tax | $0.00 | $0.00 |
| Social Security (6.2%) | -$4,464.00 | -$372.00 |
| Medicare (1.45%) | -$1,044.00 | -$87.00 |
| Take-Home Pay | $59,038.00 | $4,919.83 |
Property Tax in Richardson
Median Home
$345,000
Annual Tax
$6,210
Monthly Tax
$518
Effective Rate
1.8%
Sales Tax in Richardson
Combined Rate
7.62%
State Portion
~5.1%
Local Portion
~2.5%
The combined sales tax rate in Richardson is 7.62%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.62 in sales tax.
Tax Burden Comparison
| Tax Type | Richardson | Texas Avg | National Avg |
|---|---|---|---|
| Income Tax | None | None | 4.6% |
| Property Tax | 1.8% | ~1.8% | 1.1% |
| Sales Tax | 7.62% | ~7.62% | 7.12% |
| Overall Burden | Moderate | — | Moderate |
Tax Saving Tips for Richardson Residents
- Texas has no state income tax, meaning your income is only subject to federal taxes and FICA. Consider investing your tax savings into a Roth IRA for tax-free growth.
- Property tax in Richardson (1.8%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in Texas
Houston
ModerateSan Antonio
LowDallas
ModerateAustin
Very HighFort Worth
ModerateEl Paso
LowArlington
ModerateCorpus Christi
LowPlano
HighLubbock
LowIrving
ModerateLaredo
LowCalculate Your Full Texas Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Richardson, TX?
Richardson, Texas has no state income tax. The property tax rate is 1.8% and the combined sales tax rate is 7.62%. No state income tax; higher property taxes compensate
How much is property tax in Richardson?
The effective property tax rate in Richardson is 1.8%. On the median home price of $345,000, this equals approximately $6,210 per year or $518 per month. This is above the national average of 1.1%.
What is the sales tax rate in Richardson?
The combined sales tax rate in Richardson is 7.62%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Richardson's tax burden compare to other cities?
Richardson has a moderate overall tax burden. The effective total tax rate for a median-income household is approximately 26.1%. The absence of state income tax significantly reduces the overall burden. Cost of living index is 101.5 (100 = national average).
Are there any local taxes in Richardson?
Richardson does not impose a separate local or city income tax. Residents pay no state income tax, federal income tax, and FICA (Social Security and Medicare). No state income tax; higher property taxes compensate