COST OF DOING BUSINESS
 INCENTIVES
Tax Abatement: Non-Housing
Tax Abatement: Multi-Family Housing
Texas Workforce Solutions Board Offers
Local Incentives
 State Incentives
Workforce Training
Financial Assistance
Local Sales Tax Rate: 8.25%
Ad Valorem Property Tax ($100 of value)
- City: 0.31318
- County: 0.59440
- County Road: 0.05752
- School: 1.29673
- Pecan Valley Water District: 0.01500
General Obligation: $7,165,001
City Annual Taxable Retail Sales
Bonding Rating: A
Special District Tax
- Hospital District: 0.13905
- Drainage District: 0.06040
There are several tax abatement programs in effect in Cuero.
Each has its own guidelines as follows:
• If the eligible properties are of a value of at least $250,000 and will
prevent the loss of employment, retain or create employment for at least
3 people, the taxes on such eligible property shall be abated as follows:
- 1st Year: 100%
- 2nd Year: 75%
- 3rd Year: 50%
- 4th Year: 25%
• If the eligible properties are of a value of at least $500,000
and will prevent the loss of employment, retain or create employment for at
least 7 people, the taxes on such property shall be abated as follows:
- 1st Year: 100%
- 2nd Year: 100%
- 3rd Year: 75%
- 4th Year: 50%
- 5th Year: 25%
• If the eligible properties are of a value of at least $1,000,000 and will
prevent the loss of employment, or create employment for at least
15 people, the taxes on such eligible property shall be abated as follows:
- 1st Year: 100%
- 2nd Year: 100%
- 3rd Year: 100%
- 4th Year: 75%
- 5th Year: 50%
• If the eligible properties are of a value of at least $15,000,000 and will
prevent the loss of employment, retain or create employment for at least
25 people, the taxes on such eligible property shall be abated as follows:
- 1st Year (including construction): 100%
- 2nd Year: 100%
- 3rd Year: 100%
- 4th Year: 100%
- 5th Year: 100%
- 6th Year: 75%
- 7th Year: 50%
- 8th Year: 25%
• If the eligible properties are of a value of at least $320,000 and will
prevent the loss of employment, retain or create employment for at least
1 person part time, the taxes on such eligible property shall be abated as follows:
- 1st Year: 50%
- 2nd Year: 40%
- 3rd Year: 30%
- 4th Year: 20%
- 5th Year: 20%
• If the eligible properties are of a value of at least $1,000,000 and will
prevent the loss of employment, retain or create employment for at least
1 person full time, the taxes on such eligible property shall be abated as follows:
- 1st Year: 65%
- 2nd Year: 65%
- 3rd Year: 50%
- 4th Year: 40%
- 5th Year: 30%
• If the eligible properties are of a value of at least $3,500,000 and will
prevent the loss of employment, retain or create employment for at least
2 people full time, the taxes on such eligible property shall be abated as follows:
- 1st Year: 80%
- 2nd Year: 80%
- 3rd Year: 60%
- 4th Year: 60%
- 5th Year: 40%
- Work Opportunity Tax Credit Program (A tax credit
for employers who hire specific targeted groups of eligible job seekers.)
- Tax Program (This program assists Texas employers
in complying with the Texas Unemployment Compensation Act. Account Examiners
perform audits and make collections.)
- Tax Abatement (Must still provide application for
abatement.)(To receive tax abatement in a non-enterprise zone, a Tax Abatement
Zone must be set up, requiring an application process.)
- Stream-line Permitting
- Increase in Police and Fire Protection
- Electrical Overhead Construction (City of Cuero -
Electric Utilities Department: Inside the City of Cuero
100% of Construction Cost.)
- Electrical Underground Construction (City of Cuero -
Electric Utilites Department: 5% reduction in cost of
installation of underground electric system.)
- Electrical Overhead & Underground (DeWitt County
through City of Cuero Electric: Construction 5% reduction
in the cost of installation of electric system on property
owned by the City.)
- Outside the City of Cuero Electric Service Area
(GVEC will provide overhead hookup and will discuss
discounts on underground service on a case by case basis.)
The Golden Crescent Workforce Development Board has many training, education and
employment-related programs. They are now working with local businesses and are
active partners with public entities in developing training and other job-related
programs that address the needs of local employers and residents.
The City of Cuero Revolving Loan Fund (revolving loans and infrastructure
improvement grants): The RLF was created as a public sector financial tool to
stimulate economic growth in the community. The purpose of the RLF is to establish
a revolving loan fund and infrastructure improvements program to provide capital
for private projects that would not be possible without assistance. It is funded by
program income, a derivative of grants through the State and originates from the U.S.
Department of Housing and Urban Development. It is not intended to take the place of
or compete with local financial institutions. The difference between the two is that
while the objective for financial institutions is to make a profit, the RLF's goal is
to create jobs and capital formation in the private sector. It is also designed to
fill in where other financial institutions may not be able to help. In accordance with national
objectives, RLF funds are awarded for the purpose of creating new permanent jobs or
permanently retaining existing jobs, primarily for low and moderate-income persons.
In order to comply with the national objective, at least 51% of the permanent jobs
created or retained by each business assisted by the RLF must be filled by persons
who have a family income of less than 80% of the county median income. There are several
guidelines that must be followed in order to be considered for the Loan Program or the
Infrastructure Improvements Program. The Cuero Development Corporation has a
small business loan program available as well.
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