Projects seeking tax abatement may contact the City of Taylor to determine eligibility. F Abatement terms are up to 10 years and the amount ranges up to 100% of real and personal property annually.
In order to encourage new green development, the City of Taylor offers a LEED Tax Abatement incentive. This program is available to projects that qualify for the City's standard tax abatement and become LEED certified. The incentive provides a 100% abatement on the incremental cost of incorporating LEED improvements.
Minimum Value Added to Tax Rolls: $4 million Percent of Abatement Guided by a Tiered Structure
Duration: Maximum of 10 years
LEED Abatements: Minimum of $100k in Value
Basic: 1% Gold: 5% Silver: 2.5% Platinum: 10%