Tax Abatement

Tax Abatement at a glance

For properties within the City of Carroll Urban Revitalization Area (maps), the objectives of the City's Revitalization Plan are as follows:

  • To encourage new construction of residential properties through abatement of taxes on the value of the improvements.
  • To encourage the remodeling, renovation, rehabilitation or addition to residential properties through abatement of taxes on the value of improvements.
  • To improve economic conditions and housing opportunities in the area and take steps to enhance the general attractiveness and marketability of the Urban Revitalization Area.  

For properties within the Urban Revitiliztion Area, the City offers two tax exemption schedules, including:  

  • All Qualified Real Estate assessed as multiresidential, if the multiresidential property consists of three or more separate living quarters with at least seventy-five percent of the space used for residential purposes, shall receive an exemption from taxation on the first seventy-five thousand dollars ($75,000) of actual value added per living quarter by the Improvements for a period of five (5) years.
  • All Qualified Real Estate assessed as residential, or multi-residential with fewer than three separate living quarters, shall receive an exemption from taxation on the first seventy-five thousand dollars ($75,000) of actual value added by the Improvements for a period of five (5) years.

If you have any questions or would like more information, please contact:

Mike Pogge-Weaver
City Manager
Phone: 712-790-3050
E-mail

Documents

City of Carroll Urban Revitalization Plan

City of Carroll Urban Area (Maps)

Application for Tax Abatement

 

Upcoming Events