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News

Novus International Inc. Selects Calhoun County, Texas for Manufacturing Expansion
Nov 14, 2017
Jeff Klopfenstein, President of the Methionine Unit at Novus International, announced plans to expand Alimet production at a new facility thus increasing capacity and jobs, to members of the Victoria EDC at their Annual Membership meeting.
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Formosa $5 Billion Expansion Underway
Jul 25, 2017
Formosa Plastics Corporation Texas, in Point Comfort, is investing $5 billion into a plant expansion that will extend into Jackson County and provide about 340 jobs. The expansion will broaden the company's plastic resins product line and increase overall productivity, said Bill Harvey, company spokesman. Construction began about two and a half years ago and is scheduled to finish in late 2018.
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Texas Tribune CEO, Evan Smith, Discusses Legislation's Effect on Economy
May 25, 2017
Evan Smith, CEO and Co-Founder of the Texas Tribune offered a thoughtful perspective on the 85th legislative session as he presented Politics, Policy, Population: Where We Are & Where We Are Going to members of the Victoria EDC at their Semi Annual Membership meeting.
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Property Tax

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Texas has no state property tax. Local governments and special taxing districts levy taxes on real and tangible personal property. All property is appraised at full market value, and taxes are assessed by local county assessors on 100% of appraised value.

2017-2018 Property Tax Values
City of Victoria 0.5952
Victoria County Navigation District 0.0286
Victoria County Road and Bridge 0.0630
Victoria County 0.3329
The Victoria College 0.2170
Victoria ISD 1.2663
Victoria County Drainage District #3 0.0295
Victoria County Ground Water District 0.00843
Total 2.54093*
*Taxes are calculated at $100 valuation
Note: Some districts may not apply depending on location.