Local Incentive

Tax Abatement

Summary

Qualifying businesses considering locate in San Patricio County 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 San Patricio County and other jurisdictions, as applicable.

Projects seeking tax abatement may contact the San Patricio County to determine eligibility.  Following qualification, formal applications for abatement are processed through the San Patricio County's Office of Economic Development.  Abatement terms are up to 10 years and the amount ranges up to 100% of real and personal property annually.

Requirements:

  • 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%