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Council opens study session on property tax abatement, asks staff for modeling and options
Summary
Councilmembers questioned whether to keep or reduce property tax abatements in light of recent state legislation (House File 718) and asked staff to model scenarios (with/without abatement, partial abatements, caps on value, and interaction with TIF) and to report back by September.
At the study session the council revisited the city's property tax-abatement program and discussed how recent state-level proposals and House File 718 could interact with local abatements and tax valuation changes.
Council members noted that abatements count in assessed values and that a change in state policy could shift property-tax burdens to…
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