Property owners hoping to renovate and revitalize residences and commercial properties in Colony will soon be able to take advantage of a specific tax rebate program to ease the financial burden of that process. Anderson County Development Agency Grant Writer Jessica Mills, says Colony’s City Council and local school district, USD 479, both approved the tax rebate commitment to institute the Neighborhood Revitalization Program in Colony, and all that was required was the formal resolution to authorize it from county commissioners. The Neighborhood Revitalization Program allows up to a 95% property tax rebate for 5-8 years of resulting property tax increase assessed after a renovation improves a property’s value.
The program requires participation from the affected municipal and school district taxing authorities as well as approval by the Anderson County Commission. The overall program is administered by the Kansas Department of Revenue. Anderson County Commissioners say they plan to expedite approval of the county program. Existing revitalization programs are currently underway in Garnett and Greeley
