Riverpoint West Tax Abatement

What Projects are Eligible for Abatement?
Improvements to properties that satisfy the following:
  1. Comply with all City requirements and;
  2. Increase the property's assessed value by at least 5% and;
  3. Permits have been issued for work that requires permits.

What Schedules are Available?
Project Type Schedule
Renovation of existing residential structures and their accessory structures 10-RF: 10-Year 100%
New accessory housing units 10-RF: 10-Year 100%
New accessory structures on properties with existing residential structures 10-RF: 10-Year 100%
New single-family homes, two-family homes, and townhouses with no more than 8 units per structure. 06-RD: 6-Year Declining
New buildings with more than 8 dwelling units and at least 75% of the primary building area used for residential purposes. 10-RD: 10-Year Declining
Renovation of existing commercial/industrial buildings 03-CF: 3-Year 100% or
10-CD: 10-Year Declining
New commercial/industrial buildings 03-CF: 3-Year 100% or
10-CD: 10-Year Declining 

Riverpoint West Area:
Riverpoint West Area
Gray's Station:
Gray's Station - Copy (2)

Tax Abatement Requirements for Projects within Riverpoint West:
  1. Access. For commercial or industrial improvements, the improvements must be to property having a primary vehicular access from street frontage.
  2. Landscaping.  The improvements must be to property which conforms with the site plan landscape standards applicable to development set forth in Municipal Code Chapter 135-7, as the same may be amended from time to time, or the standards set forth in a Legacy PUD Conceptual Plan if applicable.  However, any higher level of landscaping required by any other applicable requirement shall continue to apply
  3. Site/Development Plan and Design Standards.  Improvements consisting of one or more new structures assessed as commercial property must comply with the following standards:
    1. The improvements must either conform with an approved Legacy Planned Unit Development Conceptual Plan, or satisfy the following criteria:
      1. Be within a building having at least three stories; and,
      2. Be part of a development parcel with a minimum building coverage of 50% when 
        viewed from above
  4. Projects located within that portion of the Riverpoint West Area locally known as “Gray’s Station” must comply with the Construction and Sustainability Design Standards set forth in the Second Restated Urban Revitalization Plan, in lieu of any conflicting provisions of Article H of the Fourth Restated Urban Revitalization Plan.
  5. Commercial, industrial, and high-density residential projects located within the Riverpoint West Area, but outside of the area locally known as "Gray's Station" must comply with the following.  New buildings, additions that exceed 50% of the existing building's floor area, and renovations to existing buildings that exceed 50% of the assessed building value must include at least 4 of the following to be eligible for tax abatement.
    1. Permeable pavement for a minimum of 30% of the paved area.
    2. Stormwater best management practices shall be implemented by methods of capture, infiltration, evapotranspiration, or re-use to retain 50% of the runoff volume from impervious surfaces on site during a 1-year rainfall event.
    3. 90% of exterior building elevations constructed from renewable materials. 
    4. Primary entry within ¼ mile of a DART transit stop. 
    5. Redevelopment of a previously-developed site.
    6. Renovation of an existing building. 
    7. Wind or solar (photovoltaic, PV) electric generation systems, in accordance with Municipal  Code Sections 135-2.22.4.E-H, reasonably estimated to annually provide at least 20% of  the electric power consumed by the development.
    8. Ground source (geothermal) heat pumps used as primary source of heating and cooling. 
    9. Provision of a minimum level 2 electric vehicle charging station in accordance with 
      Municipal Code Section 135-2.22.4.B.
    10. Other energy efficiency and sustainability measures proposed by the property owner and granted written approval by the Development Services Director for tax exemption purposes pursuant to this Plan.