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%