The City Council may elect to grant a tax abatement of up to 100 percent for a period not to exceed 10 years. Abatement is limited to the value of new or added property or improvements. A minimum investment of $2 million for new developments is required for consideration of tax abatement. For expansion of existing facilities the threshold is $750 thousand and for regional retail/entertainment developments the minimum is $3 million.

back to the top >>>

Tarrant County, the Birdville ISD and the City of Richland Hills have chosen to exempt "qualifying goods" from the ad valorem tax. "Qualifying goods" are those taken into inventory by a business and shipped to an out-of-state destination within 175 days of entering the business’ property. Products that are shipped to other points in Texas are ineligible, as is equipment used in packaging or production. Applications for the exemption are made to the Tarrant Appraisal District.

back to the top >>>

Businesses benefit from one of the lowest municipal ad valorem tax rates in the D/FW Metroplex. The City’s current tax rate is lower than all surrounding communities, and is less than half that of Fort Worth.

back to the top >>>

In January 1996, voters overwhelmingly approved a .5% sales tax for economic development. The proceeds are used for water system, street, and infrastructure development and improvements.

back to the top >>>

The City of Richland Hills offers matching grants of up to $5,000 to help businesses in Richland Hills renovate and restore commercial building facades, and improve exterior signage & lighting. For more information on the Storefront Improvement Program contact Matt Shaffstall with the Richland Hills Economic Development Department at (817) 299-1845 or ecodev@richlandhills.com

Storefront Improvement Program Guidelines
Click for Guidelines

Storefront Improvement Program Application
Click for Application

back to the top >>>

Additional incentives may be negotiated with the City with consideration given to the value of investment, number of jobs created and/or taxable retail sales. For more information contact the Department of Economic Development at 817-299-1845.

back to the top >>>