Marshall County’s Neighborhood Revitalization Program will expire Dec. 31. On Monday, commissioners discussed renewing the program, possibly with changes.
The program gives county residents the opportunity to apply for a three-year county property tax abatement before renovating an existing structure or building a new one. An 80 percent tax rebate is given the first year, 60 percent the second and 30 percent the third.
Commissioner Barb Kickhaefer said the spirit of the program is to revitalize blighted neighborhoods. Commissioner Keith Bramhall agreed and said that new construction in rural areas that receive tax rebates through the program pay for themselves with the long-term taxes paid on the property’s added value.
(Read more: The Marysville Advocate)