Real and/or personal property tax abatements for value-added investment and job creation in new facilities and business expansion.
Real and/or personal property tax abatements for value-added investment and job creation in new facilities and business expansion.
The City of Waco and McLennan County offer Tax Abatements for projects that are going to make a significant investment in Real Property or Personal Property. Real property abatements are for a new facility, or an existing facility expansion. Personal property abatements are for new equipment and machinery that increases production capacity.
The City of Waco and McLennan County also offer grants on eligible properties based on the increased taxable value of the property due to significant capital investment usually in conjunction with job creation.
Priority consideration is given to projects that are located in State of Texas Enterprise Zones and other targeted locations.