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Benefits
Benefits of the Tax Rebate Incentive Program
  • Creates jobs
  • Creates new long-term tax revenue, without creating a fiscal burden for cities and the county
  • Does not interfere with current property tax revenues
  • Encourages housing, commercial, and industrial development within the city
  • Offers incentives for development where development might not otherwise occur
  • Provides a limited window of opportunity for participation, thereby prompting immediate response
  • Provides incentives for housing improvements through property tax refunds
  • Reverses the outward migration of residents and the resulting deterioration of neighborhoods within the county
  • Stabilizes land values
  • Strengthens the fiscal capacity of our city and county government

Contact
For more information about the Tax Rebate Incentive Program, please contact the Community Development and Housing Office at (620) 232-1210.