The City of Plano offers tax abatement on improvements to real and business personal property. City of Plano tax abatement can apply to new commercial construction, facility expansion, as well as business personal property tax associated with real property.
Tax Abatement Benefits
The City of Plano has awarded tax abatement to numerous companies. Many of them have significantly expanded since moving to Plano, further contributing to the city’s growth. Today, the City of Plano has a total of 140 reinvestment zones which have produced $3.3 billion in real and business personal property improvements and created more than 59,000 new jobs.