Local Incentive

Tax Abatement

Summary

Qualifying businesses considering locate in Taylor have the opportunity to apply for a property tax abatement on new value created as a result of the project.  Tax abatements are available from the City of Taylor and other jurisdictions, as applicable.

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.