Effective tax rates per $1,000 of property at it’s fair market value. This rate applies to all property: land, buildings, machinery, equipment, and inventory.
Property Located 2003 Effective Rate
Within City $10.60
Outside City $ 8.07
Fannin County exempts 100% on all classes of certain business inventory from property taxation.
City and county have 3% local sales tax in addition to the 4% state sales tax.
Incentives: (The following may be available to eligible Fannin County employers)
Job Tax Credits
Investment Tax Credits
100% Freeport Tax Exemption
Retraining Tax Credit; Childcare Credit; Research & Development Tax Credit;
Ports Activity Job Tax & Investment Tax Credit; Headquarters Tax Credit
Manufacturing Machinery & Computer Sales Tax Exemptions;
Primary Materials Handling Sales Tax Exemption