Tax Abatement

Tax abatement programs are an economic development tool that allow for tax rebates to qualifying companies. For the typical abatement, the owner of the property pays property taxes in the same manner and amount as if there were no abatement. However, all or part of the property taxes collected on the property may be paid back to the owner or diverted for another use, as determined by the abatement agreement. For more information on Tax Abatement programs, contact BLADC at (218) 828-0096.