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ECONOMIC INCENTIVES FOR BUSINESS :: TAX ABATEMENTS
A tax abatement is the full or partial exemption from ad valorem
taxes on the value added to real property or new business personal
property for a period of up to ten years and an amount of up to 90%.
Specific levels of abatement will be determined by the size, scope
and location of the project. Eligible properties must be located in
a reinvestment zone and all agreements must be approved by City
Council. For more information, contact the Economic Development
Office at 817-459-6114
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