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The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
McLennan County is a county located on the Edwards Plateau in Central Texas. As of the 2020 census , its population was 260,579. [ 1 ] Its county seat and largest city is Waco . [ 2 ]
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McGregor is located in western McLennan County and extends westward into Coryell County, surrounding McGregor Industrial Park, a former Naval Weapons Reserve Plant. [ 5 ] U.S. Route 84 passes through the city center, leading northeast 17 miles (27 km) to Waco and west 20 miles (32 km) to Gatesville .
For the 10 years of the tax benefit period, reduced local school district revenues are substantially replaced with state funds through the state public school finance system. [4] The Texas Tax Code gives the Texas Comptroller's office responsibility and authority to adopt rules necessary for the implementation and administration of the program. [5]
The law was created "to combat illicit activity including tax fraud, money laundering and financing for terrorism by capturing more ownership information for specific U.S. businesses operating in ...
The Waco metropolitan statistical area, as defined by the United States Census Bureau, is an area consisting of McLennan, Falls and Bosque counties in Central Texas, anchored by the city of Waco. As of the 1 April 2020 census (which includes all 3 Counties), the MSA had a population of 295,782. [ 1 ]
Bruceville-Eddy is located in southwestern McLennan County and is situated along Interstate 35, 18 miles (29 km) south of Waco and 16 miles (26 km) north of Temple. [5] Access is available from Exit 315 (the Eddy or southern end of town) and Exit 318 (the Bruceville or northern end).
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related to: mclennan county property tax code chapter 41