Wichita Falls revitalization plan leads to tax incentives
WICHITA FALLS (KFDX/KJTL) — Tax breaks will soon be available to neighbors in central Wichita Falls.
On Tuesday, May 20, 2025, the city declared its intent to participate in the 'Texas Tax Abatement Program'.
Wichita Falls council lifts Stage One water restrictions
Central Wichita Falls Neighborhood Revitalization Committee chairman Mike Mitchell said this move will create a Neighborhood Empowerment Zone, or NES.
The abatement can be residential or commercial. The move is part of the 'Heart of the Falls' Neighborhood Revitalization Plan.
Mitchell said the tax benefits should encourage people to renovate properties to rebuild neighborhood pride.
'We want to keep the culture. We want to keep the look even in this one area, there's probably a dozen different looks and feels in the different little neighborhoods,' Mitchell said. 'It's an encouragement for me to go ahead and do some fixing up that I'm already looking at doing, but also get some tax benefits as well.'
Mitchell calls this a win for the city as they continue their push to revitalize the area.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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