Tax Abatement
The City of Anderson offers up to a ten (10) year partial tax abatement on increased tax assessments as a result of improvements made to real property. A ten (10) year partial tax abatement is also available for increased business personal property as a result of the installation of new manufacturing equipment. Tax abatements in each instance, are allowable only within the City’s corporate limits in areas designated as “Economic Revitalization Areas.”
- Application Designation Revitalization
- Commercial Tax Abatement
- New Equipment Tax Abatement
- Residential Tax Abatement
Economic Revitalization Area designation:
Under Public Law (I.C.6-1.1-12.1-1, as amended), the Common Council of the City of Anderson is empowered to designate geographic areas of the City as Economic Revitalization Areas. An Economic Revitalization area must have “become undesirable for, or impossible of, normal development and occupancy” because of such factors as lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings, or other factors that have impaired values or prevents a normal development of property. Additionally, an economic revitalization area includes an area with a facility in danger of losing either employment or tax revenues to the City as a result of impending economic or energy obsolescence.
Property tax abatement:
The taxes payable as a result of increased assessment from improvements to real property within designated economic revitalization areas are eligible for abatement.
New manufacturing equipment abatement:
Any owner of newly installed (can be used) manufacturing equipment in the designated Economic Revitalization Area is entitled to a partial abatement of the taxes payable on that equipment for a period of up to ten (10) years. This equipment must be used in the direct production, manufacture fabrication, assembly, extraction, mining, processing, refining or finishing of other tangible personal property.
For additional information regarding the tax abatement program, the application and the procedure for getting started, contact Diana Priser in the Economic Development Department at (765) 648-6112.
Tax abatement forms are available here.
Logistics/High-Tech Tax Abatement
Along the I-69 Corridor in Anderson, Tax Abatements are available for New Logistical Distribution Equipment. New Logistical Distribution Equipment means tangible personal property that:- Is installed before January 1, 2006.
- Consists of: Racking equipment; Scanning or Coding equipment; Separators; Conveyors; Fork Lifts or Lifting Equipment (including “walk behinds”); Transitional Moving Equipment; Packaging equipment; Sorting an Picking equipment; or Software for Technology used in Logistical Distribution.
- Is used for the storage or distribution of goods, services, or information;
- Before being used as described in clause “C”, was never used by its owner for any purpose in Indiana