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<br />e <br /> <br />e <br /> <br />Availability of Property Tax Abatement in Harris County <br /> <br />In most areas of Harris County, abatement of city, ~chool and <br />county property taxes is available for new investments and <br />expansion or modernization of existing businesses. One hundred <br />percent of the increase in value is abated for five years and up <br />to two years during construction. Properties must have an <br />economic life of 15 years and must result in an increase in <br />appraised value of at least $5 mil]ion at the end of the <br />abatement period. Furthtr, a minimum of 30 permanent jobs must be <br />created or retained. Eligible are manufacturing facilities, <br />research facilities and other basic industry. Also qualifying are <br />regional distribution, service or entertainment facilities which <br />draw a majority of their customers from outside a 100 mile radius <br />of Harris County. Ineligible properties include land, <br />inventories, movable personal property, hotel accommodations, <br />co-generation facilities and improvements for which there is <br />existing capacity already available. <br />