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City approves Tax Abatement Policy

November 23rd 2020

At the November 17, 2020 City Council meeting the Lavon City Council approved a tax abatement policy for projects starting at $5,000,000.  The policy was researched and developed by the Lavon Economimc Development Corporation to assure that the City is competitive in attacting new investments proposed for Lavon.  The Council wants to be competitive in attracting new investments and new retail projects for the community. The Policy does not authorize a tax abatement.  The Policy sets the standards for consideration of a tax abatement incentive.  Each project will be reviewed after an application is prepared by the proposed development to assure that there will be a return on the investment.  Application forms may be obtained through City Hall. Every two years this policy will need to be reviewed and reauthorized.

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P.O. Box 340 | 120 School Road
Lavon, TX 75166
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