Exisiting Business

Flower Mound is a growing community that continues to see high levels of new development, and why this has a positive effect on our community, the Town recognizes the importance and significance of meeting the needs of existing businesses. As such, the Town’s Economic Development Incentive Policy contains a section geared specifically for these more tenured enterprises wishing to improve or redevelop existing property. This portion of the policy can be seen below.

When the Town of Flower Mound determines that incentives are required to retain existing businesses, which propose to improve or redevelop property within the Town limits, the Flower Mound Town Council may consider tax abatement and/or other incentives. Tax abatement will only apply to the increased valuation of the improvements over the appraised value of the property prior to such improvements as established by the Appraisal District the year in which the tax abatement agreement is executed. Once a determination has been made that incentives should be offered, the value and term may be determined by referencing the following table: