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Knott
Knott
Texas
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Knott is an unincorporated community in northwestern Howard County, Texas, United States. It lies along FM 846 northwest of the city of Big Spring, the county seat of Howard County. Its elevation is 2,612 feet (796 m). Although Knott is unincorporated, it has a post office, with the ZIP code of 79748. Knott, along with its neighbor West Knott, was named for rancher Calvin Stevenson Knott, one of the first settlers in the area. Currently members of the Knott family include Jared E. Knott (deceased 2007), Jared E Knott, Kathryn Thompson Knott, Donald T. Knott, Marsha L. Knott Adams, Elizabeth A. Knott and Mary K. Knott. Agriculture is important in the Knott area; although watermelons were once significant in the local economy, cotton farming is now dominant.

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Taxes

B

How did Texas earn the grade of B? We examined the state taxes based on how age friendly they are. Texas has a state sales tax of 6.25%. Of particular interest is that Texas does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. Texas has an effective property tax rate of 1.86%. Weighing these taxes and other taxes most likely to impact the aging population is how Texas earned its state tax grade of B.

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