Helotes restates two development agreements, simplifies tax-rebate formula to a flat 23%
The council approved amendments to two development agreements (2015 and 2018) that replace a complex, multi-step tax-rebate calculation with a simplified 23% flat calculation on assessed value to streamline administration; council and staff said the change produces roughly equivalent payments and reduces staff time spent on lengthy calculations.
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Helotes City Council on April 10 approved amendments to two development agreements (one from 2015 and one from 2018) that simplify how tax-rebate payments are calculated for the covered developments.
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