TAX ABATEMENT

TAX ABATEMENT

tax abatement is a temporary reduction or elimination of property taxes. It applies to real estate and, in some cases, the personal property that a local government or district taxes. Tax abatements only apply to eligible pieces of property, including new and renovated homes and commercial buildings.

City of Marshall Business Tax AbatementThe City of Marshall and EDA shall consider abatement for projects that serve to accomplish the City's goals for economic development as they may change over time. The goals include facilitating projects that would result in the creation of quality jobs (i.e. stable employment and/or attractive wages and benefits) and the attraction, retention, expansion of business in the City and future tax base. This policy shall be used as a guide in the processing and review of applications requesting tax abatement assistance.


City of Marshall Housing Tax AbatementThe purpose of the City of Marshall Tax Abatement Policy for New Construction of Single and Multi-Family Homes (of 12 units or less) is to provide incentives in Marshall to encourage the construction of new owner occupied and residential rental housing units and increase the value of the future tax base for Marshall taxpayers. This policy is in effect from July 24th, 2018, to December 31, 2022, and may be modified or rescinded at any time by the Marshall City Council.

Lyon County Housing Tax AbatementThe purpose of the Lyon County Tax Abatement Policy for New Construction of Single and Multi-Family Homes is to provide incentives in Lyon County to encourage the construction of new owner occupied and residential rental housing units and increase the value of the future tax base for Lyon County taxpayers. This policy is in effect from July 1, 2018, to December 31, 2022, and may be modified or rescinded at any time by the Lyon County Board of Commissioners.