New marina seeks tax break

Posted on March 16, 2022

The Taylor County Commission is considering a tax incentive for the currently-under-construction Steinhatchee Marina at Deadman’s Bay, which is promising to create at least 35 jobs when it begins operation within the next several months.

Company representatives approached the commission at the county’s March 7 meeting, seeking a 100% tax abatement over the next 10 years, which would save the company a projected $475,000 in real property taxes and $29,000 in tangible personal property taxes over the next decade. This would only affect the county’s property tax revenues and not taxes levied by the Taylor County School Board.

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