Projects seeking a Tax Abatement (Chapter 312) may contact the Wylie EDC to determine eligibility. Following qualification, formal applications for abatement are processed through the Wylie EDC. Abatement terms are up to 10 years and the amount ranges up to 100% of real and personal property annually.
Qualifying businesses considering a location in Wylie have the opportunity to apply for a property tax abatement on new value created as a result of the project. A tax abatement exempts all or part of the increase in the value of property and/or tangible personal property from taxation for a period not to exceed 10 years.