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Hico
Hico
Texas
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3.5 out of 5 stars based on 0 ratings
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Hico (, HY-koh) is a small city located in Hamilton and Erath counties in central Texas, United States. The town motto is "Where Everybody Is Somebody!" Named for its founder's unincorporated hometown in Calloway County in southwestern Kentucky near Murray, just north of the Tennessee state boundary, Hico's original location was on Honey Creek. When the Texas Central line (part of the historic Katy Railroad) was built nearby, the citizens moved 2.5 miles (4.0 km) to the rail line. Hico was incorporated in 1883 and became the Hamilton County shipping center. Over the years, it became a cattle and cotton market. Today, ranching and tourism dominate the local economy. In 1903, Kentucky-based evangelist Mordecai Ham held the first of his 75 Texas revival meetings in Hico. There were 150 professions of faith in Jesus Christ.

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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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