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MO
Independence Chapter 353 Tax Abatement
Independence may use Chapter 353 redevelopment tax abatement for eligible projects in blighted redevelopment areas.
About this program
The City of Independence Economic Development Policy includes Missouri Chapter 353 redevelopment tax abatement as a tool for qualifying redevelopment projects. The program can abate taxes on improvements for projects that address blight, support redevelopment plans, and deliver community benefits, subject to City review, plan requirements, and project-specific approval.
Eligibility
Developers, businesses, and property owners with eligible redevelopment projects in Independence blighted or redevelopment areas may apply for Chapter 353 consideration.
Requirements
- Project must be located in an eligible redevelopment area or be part of an approved redevelopment plan.
- Project must address blight or redevelopment conditions and provide public benefit.
- Applicant must submit the City's financial incentives application and project worksheet.