Title 3. Local Taxation
Subtitle B. Special Property Tax Provisions
Chapter 312. Property Redevelopment and Tax Abatement Act
Subchapter B. Tax Abatement in Municipal Reinvestment Zone
Sec. 312.201. Designation of Reinvestment Zone.
Note:
Because the city did not comply with the tax abatement statutory requirements - no reinvestment zone was created, no tax abatement agreement with required specific terms, and no formal agreement executed - the property owner could not reasonably rely on estoppel to bind the city . McCormick Marketing, Inc. v. City of Colorado City, 42 S.W.3d 162 (Tex. App. - Eastland 2001, no pet.).
Sec. 312.205. Specific Terms of Tax Abatement Agreement.
Notes:
Because the city did not comply with the tax abatement statutory requirements - no reinvestment zone was created, no tax abatement agreement with required specific terms, and no formal agreement executed - the property owner could not reasonably rely on estoppel to bind the city . McCormick Marketing, Inc. v. City of Colorado City, 42 S.W.3d 162 (Tex. App. - Eastland 2001, no pet.).
A taxpayer entered into tax abatement agreements in 1988 for a period not to exceed five years. Construction on the subject property was delayed until 1990. In 1994, the taxpayer received no abatement. The fact that construction was delayed did not alter the specific agreement. Quantum Chemical Corp. v. Harris County Appraisal District, 962 S.W.2d 50 (Tex. App. -- Houston [1st District] 1997).
Sec. 312.207. Approval by Governing Body.
Notes:
Because the city did not comply with the tax abatement statutory requirements - no reinvestment zone was created, no tax abatement agreement with required specific terms, and no formal agreement executed - the property owner could not reasonably rely on estoppel to bind the city . McCormick Marketing, Inc. v. City of Colorado City, 42 S.W.3d 162 (Tex. App. - Eastland 2001, no pet.).