Neighborhood Empowerment Zones (NEZs) promote housing, economic development and quality services in central Fort Worth. Now there are more reasons than ever to build in Fort Worth thanks to an incentives package recently approved by the City Council for any NEZs designated in the city.
Municipal property tax abatements, fee waivers and release of city liens are available to property owners who build or rehabilitate property within a NEZ. These incentives are designed to promote affordable housing, economic development and expanded services.
Following are basic incentives available for all NEZ areas. Download a copy of the Neighborhood Empowerment Zone Program (NEZ) Basic Incentives and Tax Abatement Policy(PDF, 233KB) (Revised February 14, 2023 ) adopted by the City Council.
Municipal Property Tax Abatement The following properties may qualify for municipal property tax abatements:
Download the NEZ Information Document to see the fees waived and program/project eligibility.
For more information about NEZ Tax Abatements, call Sarah Odle, 817-392-7316
The owner of the property will be required to fill out and sign a NEZ Opt-Out packet(PDF, 207KB) acknowledging that they were informed about the program but declined to participate.
Yes. There is an application fee of $25 for all Basic Incentives excluding tax abatements. The application for residential tax abatements is $100. The application fee for multi-family, commercial, industrial, community facilities and mixed-use development projects is one-half of one percent (0.5 percent) of the proposed Project’s Capital Investment, with a $200 minimum not to exceed $2,000. If you are approved for tax abatements, City staff will work with you to finalize the tax abatement agreement with the City.
908 Monroe Street
Fort Worth, TX 76102
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