Neighborhood Revitalization Criteria
- Only one tax rebate application per project may be submitted. The rebate will be based only upon the increased assessed value attributed to the eligible improvement. For purposes of calculating the increase in the assessed value, a base value shall first be established by calculating the average historical assessed value of the parcel for the three (3) tax years immediately preceding the application for rebate. The increase in the assessed value shall be the difference between the base value established in this manner and the assessed value after the eligible improvement is constructed.
- Construction of an improvement must have commenced on or after September 1, 2020, which is the effective date of enactment of the tax rebate program.
- An application for rebate together with a $25.00 application fee payable to Montgomery County Treasurer must be filed within sixty (60) days of the issuance of a building permit.
- The assessed value increase will be determined by the resulting classification of the improvement. The minimum increase in assessed value due to the eligible improvement will be 5% for residential property and 5% for commercial property as determined by the Montgomery County Appraiser. This assessed value increase will be determined the first full year of eligibility after completion and will be used throughout the years of eligibility.
- This program is limited to real property. Personal property taxes are NOT eligible for rebate.
- For purposes of determining initial eligibility for participation in the Neighborhood Revitalization Plan, any taxpayer that is delinquent on a real estate tax payment or special assessment payment on any property located in Montgomery County, Kansas, shall not be eligible to participate in the plan. After becoming eligible for participation, any taxpayer that is delinquent in payment of real estate taxes or special assessments on any property owned by the taxpayer in Montgomery County, Kansas, shall not be eligible for the tax rebate under the plan for that tax year only. Any rebate lost for a specific year due to a delinquent payment cannot be retroactively restored. If a taxpayer cures the delinquency, the taxpayer shall be eligible for tax rebates under the plan in future years. The rebate plan is for a 10-year term. Loss of eligibility for any year shall not cause the term of the plan to be extended. The taxpayer may only be reinstated into the rebate program one time and must pay a reapplication fee as set by the County. A reinstatement fee of $100 must be paid by the taxpayer before becoming eligible after delinquency is cured.
- Any taxpayer that is not delinquent on a real estate tax payment or special assessment payment on any property located in Montgomery County, Kansas, and who failed to file an application for rebate will be eligible to receive the rebate if the application is filed within six (6) months of the issuance of a building permit and the County Appraiser can verify the increased value.
- Any new and existing improvements on the property must conform with all other codes, rules, and regulations in effect at the time the improvements are made, and for the length of the rebate, or the rebate may be terminated.