City tax rebate program in full effect
Basehor's property tax rebate program was awaiting one final approval Monday night, and the Basehor-Linwood School Board supplied it.
With a 7-0 vote, the board green lighted a rebate program that Basehor City Council members tout as a stimulus for growth and increased revenue in the city.
The program, which expires in 2012, offers a property tax rebate of 100 percent for three years and 50 percent for an additional three years on new residential structures. It also offers a rebate of 85 percent for three years and 25 percent for three additional years on new commercial structures. Structures must be assessed at a minimum of $140,000. The rebate applies only to the portion of property taxes that would go to the city of Basehor.
Earlier in the month, the council, the Leavenworth Board of Commissioners, the Basehor Community Library and Fairmount Township Fire Department approved an interlocal agreement adopting the program.
For more on this story and further action from the Basehor-Linwood School Board meeting, see Thursday's issue of the Sentinel.