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STATE OF TEXASCOUNTY OF TARRANT×TAX ABATEMENT Agreements TAX ABATEMENT AGREEMENT (Agreement) is entered into by and between the CITY OF FORT WORTH, TEXAS (the City), a home rule municipal corporation
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A tax abatement agreement is a contract between a property owner and a government entity that allows the property owner to receive a reduction or exemption from property taxes for a specified period of time.
Property owners who have entered into a tax abatement agreement with a government entity are required to file the agreement.
Tax abatement agreements typically require detailed information about the property, the agreed upon tax abatement terms, and signatures from both parties.
The purpose of a tax abatement agreement is to incentivize property development or rehabilitation by providing financial relief to property owners.
Information such as property details, tax abatement terms, signatures of parties involved, and any other relevant details must be reported on a tax abatement agreement.
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