A Guide to Texas Commercial Property Tax Exemptions

Owning a commercial property in Texas comes with significant financial obligations, including property taxes. However, Texas offers several tax exemptions for commercial property owners that can help reduce their tax burden. 

This guide provides information on various commercial property tax exemptions in Texas and how to qualify for them. Keep reading to learn more about these lesser-known exemptions and how our team can help you take advantage of them to reduce your commercial property tax liability.

Freeport Exemption

The Freeport exemption, also known as the Freeport goods exemption, is a popular property tax exemption for commercial property owners. It allows a business to store goods and merchandise within Texas for no more than 175 days without incurring property tax liability. The goods must be transported out of Texas within 175 days to qualify for the exemption.

To qualify for the Freeport exemption, the business must be engaged in manufacturing, assembling, processing, storing, or repairing goods in Texas. Additionally, the goods must be in transit to a final destination outside of Texas, and the property must be located in a designated Freeport zone.

Pollution Control Exemption

The pollution control exemption is available to commercial property owners who install and operate pollution control equipment on their properties. This exemption covers the property taxes associated with the equipment’s installation and operation.

To qualify for the pollution control exemption, the equipment must meet specific standards outlined by the Texas Commission on Environmental Quality (TCEQ). The TCEQ must also approve the equipment and its use.

Renewable Energy Exemption

The renewable energy exemption is available to commercial property owners who generate and sell renewable energy. The exemption applies to the property taxes associated with the renewable energy production equipment and the land where the equipment is located.

To qualify for the renewable energy exemption, the equipment must generate renewable energy for sale to an electric utility company or a retail electric provider. Additionally, the renewable energy production equipment must meet specific standards outlined by the TCEQ.

How Can a Commercial Property Tax Consultant Help?

Texas offers several commercial property tax exemptions that can significantly reduce your tax burden. The Freeport exemption, pollution control exemption, and renewable energy exemption are among the most popular ones. If you own a commercial property in Texas, it’s essential to understand the available property tax exemptions and how to qualify for them. A property tax consultant can help you navigate the process and reduce your property tax liability.

Navigating the complexities of commercial property tax exemptions in Texas can be challenging. A property tax consultant with experience in Texas commercial property taxes can help you identify and apply for the exemptions you qualify for. They can also assist with property tax appeals, compliance, and advocacy.

Michel Gray Rogers is a team of experienced property tax consultants with over 100 years of combined experience in the field. Their team of lawyers can help you navigate the commercial property tax exemption process and protect your property rights.

LEARN MORE ABOUT TEXAS COMMERCIAL PROPERTY TAX EXEMPTIONS

If you’re a commercial property owner in Texas looking to reduce your property tax liability or need assistance navigating property tax appeals, contact Michel Gray Rogers LLP today. Our team of skilled lawyers has extensive experience in commercial property tax consulting, and we can help you with all aspects of property tax budgeting, appeals, compliance, and advocacy.

We understand the unique challenges that commercial property owners face in Texas, and we have the expertise to help you reduce your property tax liability and maximize your savings. Whether you own a small business or a large commercial property, our team can help you navigate the complexities of commercial property tax consulting and ensure that you’re paying the correct amount of property taxes.

Don’t let the complexities of commercial property tax consulting overwhelm you. Let our team simplify the process and help you save money on your property taxes. Call us today to schedule a consultation and learn more about our commercial property tax consulting services.