Financial Assistance & Tax Abatement

Financial Assistance

Financial Assistance for most building projects is available in the form of a Tax Abatement from the City. Contact the Building and Zoning Administrator for more information, or see related information and application above.

Financial assistance to low income families is available for necessary improvements to owner occupied houses. Southeast Iowa Regional Planning Commission Operates this program. For eligibility and an application, contact them at 211 N. Gear Ave West Burlington, Iowa 52655, phone: (319) 753-5107.

 

Tax Abatement 

If a construction project, either new construction or improvements to existing properties, adds value to a property, it is most likely eligible to receive a break on increased property taxes resulting from the improvements. This is called a property tax abatement. Projects that involve three or more dwelling units may be eligible to receive a tax abatement on 100% of the values added for 10 years. Improvements to commercial properties may be eligible to receive either a 3 year, 100% tax abatement, or a 10 year, graduated abatement. Improvements to single or two family residential dwellings may be eligible to receive a 5 year tax abatement for up to $75,000 in improvements. Applications are due February 1st of every year for improvements made in the previous year. Contact the Building and Zoning Administrator (319-385-1474) or the Henry County Assessor (319-385-0750) for more information.

Tax Abatement Application