![]() ![]() The project could add billions to the tax base of the city of about 44,000 residents, according to officials, who anticipate it could attract additional companies to the region. And Sherman ISD is offering a 10-year cap on property tax revenues under Texas’ Chapter 313 tax code, which allows large corporate projects to limit the taxes they pay to local public school districts. Grayson College will offer a 10-year, 50% tax abatement for each of the plants. The city of Sherman and Grayson County are each offering a 10-year, 90% property tax abatement for each of the plants, after which the company will receive a 20-year rebate on 90% of each plant’s property taxes.
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