Galveston County Economic Alliance Discover Galveston County 8419 Emmett F. Lowry Expressway
Texas City, Texas 77591-2249
(409) 933-9899
(888) 933-9899
Fax: (409) 933-3365

4/23/2017 8:40:37 PM Member Name  
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Property Tax Abatement


In 1981, The Texas Legislature passed the Property Redevelopment and Tax Abatement Act (Chapter 312 of the Texas Tax Act) which allows for tax abatement to be offered to companies locating in the state of Texas . The Taxing entities in Galveston County have developed and implemented a value-added tax abatement program and have passed qualifying guidelines pertaining to the companies under consideration for such tax abatement. Value-added improvements to real property may qualify for tax abatement in Galveston County . No tax abatement will exceed the maximum allowed by state law, presently 100% for 10 years. Each abatement is determined on the individual merits of the project under consideration as it relates to the city or county's taxing entity.

Galveston County Tax Abatement Described Below.

 

  




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Galveston County Property Tax Abatement:
 
Galveston County requires municipal participation before consideration of a tax abatement proposal. Projects located in an unincorporated area would require special consideration from the county.
 
As of January 2010, Galveston County guidelines for consideration of a project's abatement application are as follows:
 
      *  Value-added improvements to real property may qualify for tax abatement in Galveston County;
 
      *  No tax abatement will exceed the maximum allowed by state law, presently 100% for 10 years, although of late Galveston County has been limiting abatements to 75% of value and five years, construction inclusive, with an alternate two year extension at the option of the Commissioners' Court.
 
Facilities that Qualify for Abatement: Manufacturing operations wholesale distribution projects, major office operations, new facilities, and in some cases recreational uses that serve a regional population.

Abatable Improvements: Taxes on new buildings, equipment used in the production or manufacturing process, and build-out of an existing facility that has a productive life of ten years or more.

Non-Abatable Improvements: Taxes on land, existing buildings, inventory deferred maintenance of an existing building, and rolling stock.


Qualifications for Tax Abatement: In order to qualify for abatement consideration, the project must be expected to have an increase appraised ad valorem value of the minimum amounts set forth by each of the following taxing entities:

Texas City

$ 5,000,000

Galveston County

$ 3,000,000

Hitchcock

$ 2,000,000

La Marque

$ 2,000,000

League City

$ 500,000

Galveston

$ 500,000

Friendswood

$ 500,000

Dickinson

$ 500,000

 

Qualificatons for Tax Abatement of Tourist Related Facilities: Tourism projects located in an area of concentration of Tourist Related Facilities must be expected to have a minimum increase appraised ad valorem value of $2,000,000.


 


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The Application Process: The Galveston County Economic Alliance provides inquiring companies with the Application for Value-Added Tax Abatement. This questionnaire is used to determine the value of a specific project, value of inventories and the percentage of that inventory that is Freeport qualified, the amount of new jobs to be created, payrolls, etc. An economic impact statement is prepared and submitted to the appropriate taxing entities for recommendation of terms and percentages of abatement. The city in which the project resides is the "Lead Entity" and sets the terms and length of abatement for each prospect. If an industry is not located within a city the county becomes the "Lead Entity". Some cities may require a fee to be submitted along with the application for tax abatement in that city.

 
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