Property tax rebate based on incremental increase of property from improvements focused on improving certain areas. Rebate and duration determined case by case.
Promote & encourage investment in an area that would not otherwise occur to enhance health, safety, and welfare of residents.
Revitalization tool; Property Tax Rebate – based on incremental increase in property value due to NRA improvements
Rebate percentage and duration determined by the governing bodies based on project merits.
Up to 100% rebate on property taxes based on incremental increase in value due to improvement.
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