Oracle is contesting the assessed value of its Stargate data center in Abilene, Texas, aiming to reduce its tax liability. The company qualifies for an 85% property tax abatement through a deal with the local economic development corporation. This added benefit could lead to further reduction in tax obligations for Oracle. In Texas, challenging property valuations is a common practice under laws favoring owners. The significant investments made by tech firms often raise questions about the economic advantages they bring to local communities, despite these incentives.
Oracle is disputing the property valuation of its Stargate data center site in Abilene, Texas, in an effort to lower its tax bill further.
The company is eligible for an 85% property tax abatement thanks to an agreement with the local economic development corporation, which underscores the competitive landscape for tax incentives.
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