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Liberty County approves $154,019 reimbursement tied to 2018 tax reinvestment zone
Summary
The commissioners approved a $154,019 payment to a Tax Reinvestment Zone formed in 2018 after county staff verified five years of captured tax value. County officials said the payment represents part of a long-term 25-year obligation under the TIRZ agreement.
Liberty County Commissioners on Tuesday approved a $154,019 reimbursement to a Tax Reinvestment Zone (TIRZ) created in 2018, after county staff presented a multi-year verification of collected taxes.
County staff told the court the payment covers five years of the county's obligation under the TIRZ agreement, explaining the county collects 100% of ad valorem taxes and then refunds 50% of the captured increment…
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