Fairground Neighborhood Association

TAX ABATEMENT INFORMATION FOR OLDER HOMES

TAX ABATEMENT INFORMATION

Have you added an addition, garage, porch or deck? Perhaps you have replaced the roof, added new siding, or remodeled the interior of your home?
OR
Have you built a new home, moved a modular home on to your property or moved a home onto an existing lot?
AND
You have obtained a building permit for the improvements. (Some work does not require at permit, be sure to check to see if one is required.)
THEN
You may be eligible for tax abatement on the improvements made to your property. Tax abatement is awarded if you increased the value of your property at least 5%. (The Polk County Assessor makes the final determination about the increase in value.)
There are five tax abatement schedules based on the dollar value and the location of the property. The abatement you receive could be for 5 or 10 years, depending on what you have done and where you live.

Applications must be filed by the 1st working day in February 2004 for projects completed by December 31, 2003. By state law, if you do not file an application by February and your project was completed on December 31, 2003, you may loose a year or more of tax abatement.

To apply for tax abatement: Contact or visit the City of Des Moines Permit and Development Center and fill out the tax abatement application. Phone 283-4200 or visit the office at 602 East 1st Street between 8 AM and 5 PM Monday through Friday.

OWNER-OCCUPIED REHABILITATION PROGRAM

The NCS Owner-Occupied Rehabilitation Program promotes the improvement of owner-occupied properties in Des Moines by providing grants, loans, and forgivable loans. The Owner-Occupied Rehab Program is designed to respond to all levels of need ranging from emergency repair loans through acquisition and rehabilitation of extremely deteriorated properties.
Eligible Activities:
§ Acquisition
§ Rehabilitation
§ Conversion of multi-family properties into single-family use
§ House Moving
§ Public Nuisance Properties
§ Emergency Repairs
Where: HUD eligible areas and areas with approved plans
Who: Owner-Occupants, Non-Profit Organizations, and Developers
Contact: Tom Nancarrow
Financial Analyst
(515) 283-4787

Email us
tjnancarrow@dmgov.org