If you don't qualify for IRBs or abatements, this is another option for you.
The Neighborhood Revitalization Program provides property tax rebates to those building within the revitalization district. The district encompasses all of Cloud County except for the Concordia TIF District.
To be eligible, the construction must be for residential, commercial, farm home sites, or agriculture buildings. The incremental value increase must be $20,000 or more. Eligibility is determined by the County Appraiser in conjunction with the Cloud County Clerk.
Rebates are for five years on a graduated level. Year 1- 95%, Year 2- 70%, Year 3- 60%, Year 4- 50%, Year 5- 25%.
This program expires December 2020.