Tax Exemptions

Qualifying Residential Structures


The City of Granbury has adopted Ordinance 07-234, authorizing a tax incentive program to preserve the city's unique and historic neighborhoods while encouraging property owners to maintain and rehabilitate their residences. The city has created the historic neighborhood improvement zone and neighborhood empowerment zone in order to provide tax exemptions for those qualified properties and improvements. All residential properties must be habitable.

Who May Qualify?


  • Level 1 - Residential structures that have been designated as City of Granbury historic landmarks by the City Council. Such properties may be eligible for an exemption up to 100% of the city's ad valorem tax assessed for the structure for a period of 10 years. If your property has not been land-marked, visit the Granbury Historic Landmarks Page for information and applications.
  • Level 2 - Major exterior or structural improvements, $40,000 or more, to residential structures located within the historic neighborhood improvement zone that are at least 50 years old. For qualifying improvements, property owners may receive up to 70% of the city's ad valorem tax assessed for the structure for a period of 10 years.
  • Level 3 - Minor interior or exterior improvements, $15,000 or more, to residential structures located within the historic neighborhood improvement zone that are at least 50 years old. For qualifying improvements, property owners may receive up to 40% of the city's ad valorem tax assessed for the structure for a period of 10 years.

Neighborhood Empowerment Zone


The city has also created the neighborhood empowerment zone to allow for those property owners who qualify for one of the tax incentive levels above to possibly receive waivers from building permit fees and impact fees. View the Tax Incentive Application and the Historic Neighborhood Improvement Zone/Empowerment Zone Map if interested.

Additional Information


Contact the Community Development Department for more information about the application process by calling (817) 573-9692 or stopping by City Hall. View the Historic Neighborhood Improvement Zone Tax Brochure for additional details.