Southwest Independence 353 Tax Abatement Program
The Southwest Independence 353 program provides property tax abatement for eligible property reinvestment and rehabilitation in the redevelopment area.
About this program
The Southwest Independence 353 Redevelopment Plan provides parcel-specific tax abatement to encourage reinvestment and rehabilitation of real property in the Southwest Independence 353 Redevelopment Area. Eligible property owners may receive up to 100% abatement of property taxes on improvements for seven years, supporting residential, multifamily, and commercial revitalization in the designated area.
Eligibility
Property owners in the Southwest Independence 353 Redevelopment Area may apply if the property and proposed improvements meet the plan and guidelines, including multifamily and commercial properties.
Requirements
- Property must be located in the Southwest Independence 353 Redevelopment Area.
- Property and improvements must meet the Southwest Independence 353 Redevelopment Plan and program guidelines.
- Properties with improvement value above the current area average require pre-approval before work begins.