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TAX RATES
CAD
APPRAISAL DIST - 0.000000
CDY
CITY OF DAYTON - 0.630400
GLI
LIBERTY COUNTY - 0.560000
HD1
HOSPITAL DISTRICT 1 - 0.090000
PR4
PRECINCT 4 - 0.000000
SDY
DAYTON ISD - 1.208000
WD2
WATER DISTRICT 2 - 0.000000
Total Tax Rate: 2.488400
8.25% Breakdown
1.50% City (1/2 of 1cent goes to DCDC)
.50% County
6.25% State
Sales Tax Funds
The Dayton Community Development Corporation will assist progressive, quality companies with its half cent sales tax funds. DCDC can use its funds to assist a firm’s relocation or expansion with infrastructure and site development costs. However, the DCDC has great flexibility with the use of its funds and can also provide relocation subsidies, job training assistance, loans, grants, etc. DCDC’s incentive package is determined by four criteria:
- The number of jobs created
- The average wage and the gross annual payroll generated
- Capital investment
- The amount of new taxes generated by the project
- The sales tax revenue generated
Once these factors have been finalized, DCDC can then structure an incentive package accordingly. Other areas of assistance can be considered as deemed essential by the company and subject to approval by the Board of Directors.
Tax Abatement
The City of Dayton is committed to the promotion of high quality development. On a case-by-case basis, the city will give consideration to providing tax abatement on the increment in value added to a particular property by a specific development proposal which meets the economic goals and objectives of the city. Tax abatement may be offered on improvements to real property owned by the applicant and/or on new personal property brought to the site by the applicant. Tax abatement will not be ordinarily considered for projects which would be developed without such incentives unless it can be demonstrated that higher development standards or other development and community goals will be achieved through the use of the abatement.
DCDC Grant Application
Application for
Economic Development Assistance
Project and Facility Information
The following information is required for all projects requesting economic development assistance from
the Dayton Community Development Corporation. Please fill in all spaces on the application form. If
information is not applicable, enter “N/A” in the space. Incomplete applications will not be considered
for assistance. After receipt of the application, the DCDC may require additional information to be
submitted to indicate the financial abilities and/or other factors of the company.
Business Name:
Mailing Address:
City State Zip Code
Phone Numbers:
Office:
Fax :
Cell:
Business Representative: Title:
City State Zip Code
Phone Numbers:
Office:
FAX:
Cell:
I certify that the information submitted in this application, including attachments, is true, correct and
complete. Omissions or submission of incorrect information will render this application invalid.
Applicant’s Signature Date
Financial Assistance Requested (amount)
Financial Amount of Entire Project (amount)
Financial Amount Invested by Owner (amount)
Explanation/Justification
Required Attachments:
The following items must be attached to this application in order for the application in order to be complete.
Please submit each item listed as a separate item.
1. Plat/Map of Property and pictures of site
2. Detailed list of improvements. If manufacturing, include equipment
3. Business Plan
- •Current Financial Report
- •Two year financial projection
- •Financial reports for last two years
- •Tax Certificate, if applicable
4. Two bids per improvement, i.e. plumbing, electrical, etc.
Description of Company Year Established
NAISC NAISC Description
Current number of employees Annual Payroll
Number of employees resulting from expansion Payroll from new employees
Date of project completion
Notes:
1. The DCDC can assist with plats if addresses are known. Pictures can be included on existing
facilities.
2. The DCDC can assist with NAISC numbers and descriptions.
Executive Director
Chris Potter
Office: 936/257-0055
FAX: 936/257-0066
Web: www.daytontx.com
Email: cpotter8377@yahoo.com
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