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Council adopts tiered property tax‑incentive pilot, narrows data‑center language after resident objections
Summary
Council adopted a revised property tax‑incentive policy with a motion to delete a chart in Exhibit A and to broaden a narrowly defined 'AI data center' reference to 'high computational ability.' Residents urged the council to be selective with abatements and raised concerns about Oak Ridge's tax rate percentile in Tennessee.
Council adopted a rewritten, tiered property tax‑incentive pilot intended to give the city more targeted tools for economic development, and the body approved an amendment to the policy that broadened the definition of data centers and removed an inadvertently included chart from the exhibit.
The revised policy establishes seven tiered areas and includes updated definitions to better target…
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