INCENTIVE & MATCHING LOAN PROGRAMS
Matching Loans and Incentive Programs to assist with Community Revitalization
Neighborhood Revitalization Plan
This plan is intended to promote the revitalization and development of Chase County by stimulating the area's rehabilitation, conservation, or redevelopment to protect the public health, safety, or welfare of the county's residents by offering certain tax rebates. Tax rebate is a tool for local governments to encourage new investment to increase or maintain the employment levels of the community, improve the provision of housing accommodations, encourage rehabilitation of deteriorated areas, preserve historically and architecturally significant structures and promote sound economic growth.
Eligible Property
-
Rehabilitation, alteration, and additions to existing buildings and new construction on all real property classified as residential, farm residence, agricultural, or commercial and industrial situated in the designated area shall be eligible.
-
Only taxable real property is eligible. Property assessed by the state is not eligible.
Eligible Criteria
-
The minimum investment in an improvement shall be $10,000.
-
All new construction or construction of an improvement must have begun on or after the effective date of this plan and be completed no later than the second January 1st following the date on which the County Appraiser conditionally approved the application.
-
Property eligible for property tax relief under any other provision of Kansas law will be eligible to secure relief under only one such plan or law as the owner selects.
Application and Procedures
-
An application may be obtained from the Chase County Appraiser’s office, Strong City Clerk’s office or the Cottonwood Falls City Clerk’s office.
-
PRIOR to commencement of construction on any improvement or new construction for which a tax rebate will be requested, the applicant-owner must after obtaining building permits as may be required, complete Part 1 of the application and file said application with the County Appraiser’s office with a non-refundable application fee of $25. Requests must be received before commencement of construction. There are no exceptions.
-
Additional procedures may be procured from the office of application.
Maximum Tax Rebate Amount and Years of Eligibility
-
The rebates shall be calculated by subtracting the before assessed property value as determined by the county appraiser on the most recent regular valuation, from the value ascribed by the appraiser after the improvements are completed. The difference shall be multiplied annually by the applicable mill levies of Chase County, Cottonwood Falls, Strong City and USD 284 which will establish the amount of tax eligible.
-
The initial value added increment will be used each year to calculate the maximum tax rebate amount each year for the [5] five year rebate period.
-
Year 1 – Maximum tax rebate amount would be 100% of the tax eligible for rebate.
-
Year 2 – Maximum tax rebate amount would be 80% of the tax eligible for rebate.
-
Year 3 – Maximum tax rebate amount would be 60% of the tax eligible for rebate.
-
Year 4 – Maximum tax rebate amount would be 40% of the tax eligible for rebate.
-
Year 5 – Maximum tax rebate amount would be 20% of the tax eligible for rebate.
-
View and download the Chase County Tax Incentive Program Brochure HERE
Network Kansas Business Assistance and Matching Loan Capital
NetWork Kansas is growing an entrepreneurial environment in Kansas by cultivating resources to start and grow small businesses. We are a statewide network of non-profit business-building resources that help entrepreneurs and small business owners startup and grow successful businesses. Click Here to Learn More
E-Community Partnership
NetWork Kansas Entrepreneurship (E-) Communities create a revolving loan fund that is reviewed at the local level. The loans are intended as gap financing to help entrepreneurs start or grow businesses in a specific community. The loan program matches public sources of capital and bank loans and can provide up to $50,000 per project. Funds are flexible and can be used for various business purposes, including startup costs, purchasing an existing business, business expansion, working capital, inventory, and more.
Contact Suzan Barnes at 620.273.6763 for application details.