Programs
Tax Incentive

Participants in property and business improvements in formalized planning districts can take advantage of a special tax incentive program designed to negate the increase in property tax normally associated with property improvements. To qualify, the improvement in question must require a building permit and be consistent with established planning guidelines.

The program has a two year window which began in the fall of 1996. The incentive period runs for five years on the following declining incentive basis:

Year One -- 100% tax incentive
Year Two -- 100% tax incentive
Year Three -- 75% tax incentive
Year Four -- 50% tax incentive
Year Five -- 25% tax incentive

IN ORDER TO QUALIFY, YOU MUST COMPLETE THE TAX INCENTIVE APPLICATION.

Download the necessary forms and reduce your taxes now!

Tax Exemption Form

 

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