CITY OF HALTOM CITY  5024 Broadway Ave. Haltom City, Texas 76117 817-222-7700

Business Incentives

Information: 817-222-7748

The Economic Development Corporation has a variety of resources available to prospective businesses who are looking for a place in Haltom City to call home. Please contact Assistant City Manager Rex Phelps at 817 222-7748 if you have any questions.

Haltom City Tax Abatement

The Haltom City Tax Abatement Program exempts the value of improvements up to 10 years on the construction of a new facility or for real expansion/modernization of an existing facility. The investment must be $2.5 million and create and sustain 10 new full-time jobs.

Economic Development Assistance Grant

The City of Haltom City is committed to the promotion of high quality development in all parts of the City and to an ongoing improvement in the quality of life for its citizens. Because these objectives are generally served by the enhancement and expansion of the local economy, the Haltom City Economic Development Corporation (the “Corporation”) will, on a case-by-case basis, give consideration to providing incentives to stimulate economic development in the City. Nothing herein shall imply or suggest that the Corporation is under any obligation to provide Economic Development Assistance Grants to any applicant. All applicants shall be considered on a case-by-case basis, and the decision to approve or deny assistance grants shall be at the sole discretion of the Economic Development Corporation.

Download a detailed explanation of this program along with an application here.

Property Enhancement Incentive Policy

The Property Enhancement Incentive Policy (PEIP) offers a 50% matching grant up to $10,000 for improvements to commercially zoned properties. The PEIP has varying participation limits on the type of enhancement. Improvements eligible for grant monies include façade enhancements, interior renovation, landscaping, lighting, parking/driveways, pedestrian amenities, signage, utilities and code compliance.

The policy and application can be downloaded in PDF format here.

Foreign-Trade Zones

U.S. foreign-trade zones (FTZs or Zones) are the domestic equivalents of what are internationally known as ‘free-trade zones.’ They are usually located in areas with geographic trade advantages, such as major seaports, international airports, and national frontiers. Within FTZs, company goods can be unloaded, manufactured, reassembled, tested, sampled, processed, repackaged, and re-exported without the intervention of U.S. customs authorities. Only when goods are moved outside a Zone do they become subject to U.S. customs duties. Zone status may also make sites eligible for state and local tax benefits. A Foreign Trade Zone is located in Haltom City on property owned by Mercantile off of Beach Street.

For more information download this PDF file.

State of Texas Enterprise Zone Program

Designated projects are eligible to apply for state sales and use tax refunds on qualified expenditures. The level and amount of refund is related to the capital investment and jobs created or retained at the qualified business site. The program is administered through the Texas Comptroller. For more information visit this link.

Tax Rate

Haltom City's municipal ad valorem tax rate is $0.6681800 per $100 valuation.

Triple Freeport Exemption

A freeport exemption is a property tax exemption. Freeport property includes various types of property that are detained in Texas for a short period of time (175 days or less) to be transported out of Texas. The county, city and school district participate. This is administered by the Tarrant Appraisal District.

Tax Increment Finance Districts

To encourage new development on vacant land along the IH 820 Corridor, Tax Increment Finance Districts have been created. For more information please contact the Economic Development Department at 817-222-7733 or via email.

Economic Development Corporation, Business Incentives, Economic Development, Economic Development Assistance Grant, Tax Rate, Tax Abatement

  • 5024 Broadway Ave.
  • Haltom City, Texas 76117
  • 817-222-7700