Neighborhood Revitalization Rebate Program

CITY OF GREELEY NEIGHBORHOOD

REVITALIZATION TAX REBATE 

PROGRAM

This plan is intended to promote the revitalization and development of the City of Greeley by stimulating new construction and rehabilitation, conservation or redevelopment of residential, commercial and industrial properties. This revitalization will promote the prosperity of our city by protecting the health, safety and welfare of the citizens by offering tax rebates as incentives for investments in rehabilitating our community. More specifically, certain incentives will be used for the acquisition and/or removal of abandoned structures and a tax rebate incentive will be available for certain improvements. The property owner will receive an annual rebate of 95% of the net new taxes paid resulting from the improvements made (after processing fee in the amount of 5% of the gross tax rebate or $75, whichever is greater, is retained by Anderson County to cover dministrative costs.)

1. The applicant shall obtain an “Neighborhood Revitalization Program Application” form from the Economic Development office at City Hall, 131 W 5th Ave, Garnett.

2. The applicant shall complete and sign Section 1 of the application. A building permit is attached to the application and shall be completed by the applicant. The applicant shall attend a regularly scheduled City Council meeting and have the Council complete Section 2 and issue the building permit. The applicant shall file the original with the Economic Development Director’s office within sixty (60) calendar days following the issuance of the building permit.

3. The Economic Development Director’s office shall forward the application along with a complete set of plans to the Anderson County Appraiser’s office for determination of existing assessed valuation of the improvements.

4. Upon construction completion, the applicant shall certify the status of the improvement projects as of January 1 following the commencement of the construction by having a member of the city of Greeley Council complete and sign Section 4 of the application. The applicant shall file the Construction Completion Certificate with the Appraiser’s office on or before May 31 preceding the commencement of the tax rebate period. A rebate period begins after January 1 of the year the applicant has completed 100% of the improvements. Example: for a project completed October 2023, the rebate period would begin on January 1, 2024, with the rebate provided for the tax payment due by December 20, 2024.

5. The County Appraiser shall conduct an on-site inspection of the construction project and determine the new valuation of the real estate as of January 1 and shall complete his/her portion of the application and report the new valuation to the County Clerk by June 1. The tax records on the project shall be revised by the County Clerk’s office.

6. Upon full payment of the real estate tax for the subject property for the initial and each succeeding tax year extending through the specified rebate period, a tax rebate shall be made the applicant. The tax rebate shall be made within thirty (30) days from the distribution days of January 20th and June 5th. The tax rebate shall be made from the Neighborhood Revitalization

fund established by Anderson County in conjunction with the other taxing units participating in the Interlocal Agreement.

7. The property owner will receive an annual rebate of 95% of the net new taxes paid resulting from the improvements made (after processing fee in the amount of 5% of the gross tax rebate or $75, whichever is greater, is retained by Anderson County to cover administrative costs.)