Yes, properties in the Historic Neighborhood Improvement Zone may be eligible for certain tax exemptions on City of McKinney ad valorem taxes.
The Neighborhood Empowerment Zone offers impact fee waivers for developing new residential and non-residential projects on vacant parcels in the zone. This program requires projects follow design guidelines to be compatible with the historically sensitive neighborhoods of McKinney.
Additionally, certain Downtown properties may be eligible for Tax Increment Reinvestment Zone funding. Visit the Downtown Development webpage for more information on this program.