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Kansas Downtown Redevelopment Tax Rebate

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Through the Downtown Redevelopment Act, areas designated by the Secretary of Commerce can receive a rebate of property tax collected on properties that have undergone approved improvements. The city’s must request must be approved by the Kansas Department of Commerce before businesses can take advantage of the rebate. The amount of the rebate depends on if there are inter-local agreements in place with all local taxing entities or if the rebate is only from the city’s percentage. To request the rebate, property owners must submit a written application to the governing body of the city

A rebate of the incremental tax increase between the valuation prior to the improvements and the new assessed valuation is made available for five years. For the sixth year, eighty percent of the tax increment is subject to rebate. For the seventh, eighth and ninth years, the percentage of the tax increment not subject to rebate will increase by twenty percent each year. Beginning in the 10th year, no rebate is available.

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Susan NeuPoth Cadoret Director, Business & Community Development Email (785) 296-5298 LinkedIn

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