Texas City is a city in Galveston County in the U.S. state of Texas. Located on the southwest shoreline of Galveston Bay, Texas City is a busy deepwater port on Texas' Gulf Coast, as well as a petroleum refining and petrochemical manufacturing center. The population was 45,099 at the 2010 census, making it the third-largest city in Galveston County, behind League City and Galveston. It is a part of Houston–The Woodlands–Sugar Land metropolitan area. The city is notable as the site of a major explosion in 1947 that demolished the port and nearly destroyed the city.
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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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