The City of Victoria, Victoria County, Victoria Independent School District, and Bloomington Independent School District all allow Freeport exemption on certain types of tangible personal property (i.e., inventory) from ad valorem (property) taxation provided the property is:
- Acquired in or imported into Texas to be forwarded out of the state.
- Detained in Texas for assembling, storing, manufacturing, processing, or fabricating purposes by the entity acquiring or importing it.
- Transported out of state within 175 days after the date acquired or imported it into Texas.
Please contact VEDC to learn if your business can benefit from this program.
800-765-8198 Toll Free