If We Don't Tax, They Will Come: Adel, Iowa, Introduces Tax Abatement
By Cy Phillips
(Space Simply - President & CEO)
Cy's New Construction Listing at 1400 13th St., Adel In an effort to increase residential new construction and community growth, the City of Adel has adopted a tax abatement program within its city limits. Under the terms of the plans, anyone building a home in Adel in the next few years will receive a property tax abatement on the following graduated schedule: Completion in 2011: 100% abatement of property taxes for 7 years Completion in 2012: 100% abatement of property taxes for 5 years Completion in 2013: 100% abatement of property taxes for 3 years The effects of the new program can already be seen in Adel's Evansview development on the southwest side of town. Behr Construction has enlisted the help of the Cy Phillips Team on a 2-story spec home for sale in the development that...