The City of Stafford was voted in the 100 Best Places to Live and Launch by Fortune Small Business partly because of the business friendly environment the City offers. The Freeport Tax Exemption plays a large role in making Stafford a great place to do business. Since the City of Stafford has no City property tax and has three eligible taxing entities under the Freeport Tax Exemption, businesses capitalize the most savings in Fort Bend County and the Houston region.
The Freeport Tax Exemption is a property tax exemption which includes various types of property detained in Texas for a short period of time (175 days or less) to be transported out of Texas.
The Freeport Tax Exemption is offered by specific cities, counties, and school districts. The City of Stafford is unlike many cities in that three tax entities (City of Stafford, Stafford Municipal School District, and Fort Bend County Water Control and Improvement District No. 2) are part of the program.
The Freeport Tax Exemption does require that certain elements be met: