Freeport Tax Exemption is an exemption for property taxes paid on inventories if those inventories qualify as “Freeport Goods.” Freeport property is defined as goods, wares, merchandise, and other tangible personal property acquired in Texas or brought into Texas and held here 175 days or less before being shipped out of the state. The property must be in the state for assembling, storing, manufacturing, repair, maintenance, processing, or fabricating purposes.
Freeport Tax Exemption is granted by three of the four taxing entities in Kilgore: the City of Kilgore, Kilgore Independent School District and Kilgore College. This represents 86% of the property tax imposed on inventory values in Kilgore. The other taxing entity, Gregg County, which represents approximately 14% of the local ad valorem taxes, does not grant the Freeport Tax Exemption.
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