Business Environment

“As an outsource customer service provider, our core business focuses ondelivering the ideal customer experience through customer service advisors who are knowledgeable, helpful, and friendly. It all starts with people. It is important to Dialog Direct to be able to have access to a labor market with the best candidates and this is a major consideration when choosing a new site.  The fact that the high school graduation rate is 96%, makes it much more desirable than many major cities.  The community understands the importance of business development and the Denison Development Alliance helped us every step of the way in becoming a proud part of the Denison community.”

Eric Rothert, Chief Executive Officer ~ Dialog Direct 

Tax Rates

Ad Valorem (Property) Tax

Total Tax Rate 2015
Legal Assessment Ratio 100%
City of Denison 0.6433770/$100
Grayson County 0.4737190/$100
Denison ISD 1.4992000/$100
Grayson College 0.1813000/$100
Total 2.797596/$100 valuation
Sources: Grayson County Tax Assessor
Sources: Tax Rates
Updated: 1/11/2017

Ad Valorem Tax History

Sales and Use Tax

Exempt from taxes are groceries, medicine, property for resale, manufacturing equipment and many items used exclusively on farms and ranches for food production. Leased or purchased machinery, equipment,replacement parts, and accessories that have a useful life for more than six months, and that are used andconsumed in the manufacturing, processing, fabricating, or repairing of the tangiblepersonal property for ultimate sale, are exempt from state and local sales and usetax. Texas businesses are exempt from paying state and use tax on labor forconstructing new facilities. 

City of Denison 2.00%
State of Texas 6.25%
Total 8.25%

Income Tax

Texas has no personal income tax. While Texas does not have a corporate income tax as such, it does have a corporate franchise tax.

Corporate Franchise Tax

This tax is imposed on all corporations and is measured by net taxable capital and by net taxable surplus that are apportioned to Texas. Apportionment is determined by using a single gross receipts formula, with allowable deductions applying to both the capital and earned surplus components. The tax rate on net capital assets is 0.25 percent, or $2.50 per $1000 of net taxable capital. The tax rate on net earned surplus is 4.5 percent. Corporations calculate the franchise taxes due on taxable capital assets and on taxable earned surplus, paying the greater of the two amounts.

Insurance (Unemployment)

Taxable Base
$9,000
Average Amount Existing Employees (percentage) 0.85%
Statutory Amount for New Employees (percentage) 2.70%
Maximum weekly Benefit
$297.00

Workers' Compensation

Average Cost for all Manufacturing per $100 Payroll
$5.00
Average Rate for Office Workers (8810)
$1.00
Maximum Weekly Benefit
$523.00
Days of Waiting Period
7
Automatic Cost of Living for Total Disability
No
Employee Allowed to Choose Any Physician
Yes
Physician Must be Chosen from List of Pre Approved by Employer
No
Mental Stress Generally Allowed as a Compensation Injury as a Result of Cumulative Trauma
No
Carpal Tunnel Generally Allowed as a Compensation Injury as a Result of Cumulative Trauma
Yes
Back Generally Allowed as a Compensation Injury as a Result of Cumulative Trauma
Yes
Neck Generally Allowed as a Compensation Injury as a Result of Cumulative Trauma
Yes
Cardiovascular Generally Allowed as a Compensation Injury as a Result of Cumulative Trauma
No
Second Medical Opinion Allowed from Physician Chosen by Employee, but Paid by Employer
No
Wage-Loss System Applies for Partial Disability
Yes