The City of Lucas imposes a 2.0% sales tax on top of the 6.25% state sales tax for a total sales tax of 8.25%. The state caps the total combined local and state sales tax at 8.25%. Taxable sales in the City of Lucas ranged from $10.8 million in 2008 to approximately $58 million in 2019. More information is available at the Texas Comptrollers Office.
People owning property in the City of Lucas are subject to various property taxes
- City Tax
- County Tax
- School Tax
The city tax rate is set each fall and is enacted via ordinance. The rate for fiscal year 2020-2021 was enacted by Ordinance 2020-09-00922 and is set to $0.299795 cents per $100 of valuation. Property tax is composed of $0.190846 M&O (maintenance and operations) and $0.108949 I&S (interest and sinking). Property valuations are set by the Collin County Appraisal District and are collected by the Collin County Tax Assessor / Collector.