How 3 Texas Cities Came To Lead The Nation In Empty Offices — And Why There May Be Further To Fall
BisNow
Vestiges of the pandemic continue to grip the office market, and four years later, hopes are fading for a return to normal. In a state where higher-than-average vacancy rates are accepted as the cost of doing business — and build, build, build is the norm — a Texas-sized threat now looms over three of its largest metros.


Texas' new tax break program ramps up with $2B in potential investment
Dallas Morning News
It's been two months since Texas put a new business attraction tool in place to stoke investment with the promise of tax breaks. Two applications have been filed for Chapter 403 property tax abatements with the Texas Comptroller's office — one from low-carbon jet fuel company Summit Next Gen LLC and another from aerospace manufacturer Bell Textron, Inc., a Fort Worth-based subsidiary of Textron Inc.


The largest wildfire in Texas history is still raging, but the clock is ticking for related property tax exemptions
LinkedIn
Applications must be filed by no later than Tuesday, June 12, 2024. They may be sought only in the 60 counties the Governor designated as disaster areas. The following rules apply: 1. Property is still valued at its full value as of January 1, 2024. 2. Only damaged Improvements to real property, taxable business personal property, and manufactured homes qualify. Damages to land are not considered. 3. Property that suffers damage of 14% or less to its value receives no exemption.