Economics

FINANCE
City Budget 2017-2018 $1,837,944
City Taxable Base $57,751,283
INCENTIVES
Tax Abatement Yes
(According to City Ordinance #61002-C, The City of Honey Grove may abate taxes on the increased value of real property improvements and eligible personal property of businesses that locate, expand, create, or retain jobs in the designated enterprise zone. The level of abatement is as follows: for creation or retention of at least 5 full-time jobs for qualified employees and the addition of at least $100,000 to the current valorem or base year value of the business property. Visit or call City Hall for further details.)
Enterprise Zone Yes
Industrial Foundation Yes
Foreign Trade Zone No
Reinvestment Zone No
Freeport Exemption No