City’s New Commercial Tax Abatement Program

City of Muscatine

new-commercial-tax-abatement-program

Urban revitalization or tax abatement is a tool to encourage economic development by providing incentives for new construction or for the expansion of existing facilities. An Urban Revitalization Area may include the entire city or designated areas of the city. Essentially, tax abatement is the temporary reduction of property taxes on the improvements made to an existing property. The owner would still have to pay the amount owed for taxes pre-improvement, but may qualify for decreased taxes on the improvements.

Qualified improvements may include new construction, remodeling, rehabilitation and additions to the existing property.

Tax abatement is great tool for Muscatine because it works to help businesses thrive! It cuts down barriers to entry or expansion for business owners as they either start or grow their business. In addition to commercial tax abatement, the City has industrial and housing incentives as well (see below). The City of Muscatine has several economic development initiatives designed to…

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Radish Magazine – Going for green: Muscatine to receive EPA assistance for sustainable design

 

Check out Muscatine’s latest complete and green streets efforts on radishmagazine.com – Going for green: Muscatine to receive EPA assistance for sustainable design.

Source: Radish Magazine – Healthy living from the ground up

Muscatineiowa.gov – Our City’s website has a wealth of information!

The City’s official website muscatineiowa.gov has a wealth of information and I would encourage you to check out the site.  You find information on your Mayor and Council, City departments and services, the budget, planning activities and much more!  Today, I’d like to highlight the City Administrator’s webpage.  Here you will find information on the City’s vision, mission, goals, and city-wide annual accomplishments.  On the bottom of the page, you’ll find the “City Administrator Updates“.  These updates are typically provided weekly to the Mayor and Council and then posted immediately to the website for the public’s information.  I’d encourage you to check these out from time to time.  These are short updates on current activities, but are one more resource as we work to ensure openness in city government.