Tax Abatement

							Tax Abatement
Tax Abatements…..defined

 Real Estate incentive program
 Assists developers and businesses with new construction and
    renovation projects (blighted areas)
   Redevelopment areas designated by ordinance
   Abatements allow assessed values to remain fixed….at the
    rates in place prior to redevelopment
   Impacts commercial and residential properties
   Fiscal impact on SLPS for tax year 2007… $28 million
                                   Tax Abatement Parcels,
                                       by location of property


                                                                 $20,880,862


                                                                               $16,044,459

                     $25,000,000                     $12,337,081
       Tax Dollars




                     $20,000,000            $10,625,895                $9,553,827

                     $15,000,000

                     $10,000,000                            $3,299,213
                                    $3,932,931
                      $5,000,000                    $4,307,637                               Enterprise Zones
                                                                                             Tax Increment Finance
                              $0                                                             LCRA Chapter 99
                                                                                             Urban Redevelopment
                                    2007
                                                    2005


                                           2007                                          2005
Enterprise Zones                      $3,932,931                                     $4,307,637
Tax Increment Finance                 $10,625,895                                    $3,299,213
LCRA Chapter 99                       $12,337,081                                    $9,553,827
Urban Redevelopment                   $20,880,862                                    $16,044,459