Freeport Exemption

Businesses involved in the export of tangible property such as goods, wares, and merchandise may be eligible for the Freeport Exemption. 
 
This business incentive is designed to exempt some of a company’s entire inventory from property taxes. To be eligible, property must be assembled, stored, manufactured or fabricated locally and then exported out of the state within 175 days after the property was acquired or imported into the state.

Three of the city’s taxing entities offer the Freeport Exemption, providing “triple” financial benefits: City of Plano, Plano Independent School District and Collin County. For companies with high-value inventories, the triple Freeport Exemption can have a greater incentive value than tax abatement. 
 
Freeport Exemption Application forms must be submitted no later than April 30 of each year to the Central Appraisal District of Collin County.