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Springlake
Springlake
Texas
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2 out of 5 stars based on 0 ratings
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Springlake is a town in Lamb County, Texas, United States. The population was 108 at the 2010 census. The community is known for its agricultural processing and its yearly Independence Day parade and celebration culminating in a fantastic fireworks display headed by the Springlake Volunteer Fire Department. This celebration usually draws several thousand participants who come together to enjoy free food, a free live band, a bake auction, and fellowship. It was the hometown of the late Speaker of the Texas House of Representatives, Bill W. Clayton.

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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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