Freeport

All properties have freeport exemptions for the City of Keene and for both the Keene and Alvarado school districts.

What is a Freeport Exemption?

A Freeport Exemption is a exemption of ad valorem tax on goods or merchandise held in state for no more than 175 days. It automatically reduces the tax burden on businesses that have a relatively short turn-around time on goods or merchandise.

A community may choose to offer the Freeport exemption for various types of goods that are detained in Texas for a short period of time. Freeport property includes goods, wares, merchandise, ores, and certain aircraft and aircraft parts. Freeport property qualifies for an exemption from ad valorem taxation only if it has been detained in the state for 175 days or less for the purpose of assembly, storage, manufacturing, processing, or fabricating.

Find out more about freeport exemptions in Texas:
Texas Property Tax Code: Freeport Exemption