Industrial Property Tax Exemption

Category: Property, Tax, Exemption

Provides a five year reducing property tax exemption for new or expanding industrial construction. The property tax exemption schedule is as follows:

A. For the first year, seventy-five percent

B. For the second year, sixty percent

C. For the third year, fourty-five percent

D. For the fourth year, thirty percent

E. For the fifth year, fifteen percent

*Contact Jackson County Economic Alliance for more information regarding this incentive, (563) 652-4549.