Tenant challenges Lancium AI facility property value

ABILENE, Texas (KTAB/KRBC) – A tenant at the Lancium AI facility, also known as Stargate, being built in far northern Abilene, is protesting the property value of the site.

Taylor County Commissioners listened to the details during Taylor County Budget hearings that began this week.

According to the county auditor’s office, the initial new property value came in at $930 million, significantly more than in a normal year. $560 million of that was based on the Lancium property, which translates into approximately $1.9 million in revenue for the county.

These are preliminary numbers until the Taylor County Central Appraisal District certifies values by the 25th of this month. When the values do come in, the Lancium property will be taxed at 100% until the property is fully operational. After that, Lancium has received an 80% tax abatement from the City of Abilene.