Published on March 31, 2021
Through the Old Town Belton Redevelopment Plan, applicants are eligible for 90 percent real property tax abatement for up to 15 years. The initiative consists of four levels of tax abatement available to property owners based on the level of investment and type of improvements made. The lowest level investment ranges from $15,000 - $24,999 with 100 percent going to exterior improvements; the highest-level ranges from $750,000 and up with at least 50 percent going to exterior renovations. On completion of the approved rehabilitation, the tax abatement is triggered.
Click here for the full press release(PDF, 182KB).
Follow the link for more information on the Old Town Belton Redevelopment Plan.