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Council reauthorizes residential reinvestment zone for tax abatements

2155246 · January 27, 2025
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Summary

After a staff presentation and public hearing, the council approved an ordinance authorizing Reinvestment Zone 2025‑1 to continue residential tax abatement authority for the city, 7‑0.

The Paris City Council voted 7‑0 Jan. 27 to authorize Reinvestment Zone 2025‑1, a reinvestment zone that enables residential tax abatement agreements under the city’s program.

City staff (Miss Harris) explained the five‑year renewal process required by state law and noted the reinvestment zone had been established previously in 2013, expanded in 2015 and reauthorized in 2020. ‘‘What this tax abatement reinvestment zone applies to is any tax abatement that fits the criteria, for residential structures,’’ Miss Harris said, adding that the ordinance also covers the city’s 5‑and‑5 tax abatement agreements under the same reinvestment zone.

Representatives from the Lamar County Appraisal District spoke during the hearing to request better information‑sharing with city staff so the appraisal district can meet state reporting requirements. Stephanie, identified as the chief appraiser for the Lamar County Appraisal District, told council that the district sometimes does not receive timely data needed for state reports; she and city staff said they will coordinate further.

Following the public hearing, a motion to approve the ordinance was made, seconded and passed on a 7‑0 vote.

Staff said the ordinance was published as required by law (item notice ran in the Paris News on Jan. 9) and that renewal of the reinvestment zone is required every five years. No amendments to the reinvestment zone language were recorded on the council floor.

The council did not record any follow‑up deadlines beyond the standard administrative reporting obligations between city staff and the Lamar County Appraisal District.