Revitalization Program

Solomon Valley Economic Development (SVED) has programs to assist you in finding the funding that you need for your project. ​

Economic Development 
in the Solomon Valley ​
​Mitchell County, KS

Mitchell County Neighborhood Revitalization Program

Purpose Of Neighborhood Revitalization 

• The plan is intended to promote the revitalization and development of Mitchell County by stimulating new construction and the rehabilitation, conservation or redevelopment of the area in order to protect the public health, safety or welfare of the residents of the County by offering certain incentives, which include tax rebates. 

Property Eligible For A Tax Rebate

Residential Property:

1. New Construction or rehabilitation, alterations and additions to any existing residential / agricultural structure, including the alteration of a single-family home into a multi-family dwelling, shall be eligible.
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2. Eligible residential property may be located anywhere in the neighborhood revitalization area.

Commercial/Industrial Property:

1. Rehabilitation, alterations and additions to any existing commercial structure used for retail, office, manufacturing, warehousing, institutional or other commercial or industrial purposes shall be eligible.
   
   
2. Construction of new commercial structures, including the conversion of all or part of a non-commercial structure into a commercial structure, used for retail, office, manufacturing, warehousing, institutional or other commercial or industrial purposes shall be eligible.
   
   
3. Improvements to existing or construction of new structures used for public utility or railroad purposes shall not be eligible.
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4. Eligible commercial or industrial property may be located anywhere in the neighborhood revitalization area.

Criteria For Determination Of Eligibility:

1. There will be a two (2) year application period ending on November 1st, 2016.  Those approved during the two-year period will continue to receive the tax rebate for the full term of the rebate period.  Construction of an improvement must have been commenced on or after November 1st, 2014, the effective date of enactment of the tax rebate program.  (needsto be updated)
   
   
2. The minimum investment shall be $10,000 (and must also reflect a $10,000 increase in value) for residential, commercial and industrial property.  Cost estimates of the proposed investment must be submitted with this application. 
   
   
3. Construction must be completed in one (1) year from the date the application is approved.
   
   
4. An extension may be granted up to one (1) year for commercial properties and six (6) months for residential/agricultural properties.
   
   
5. Applicant must be deeded owner of the property listed in the application.
   
   
6. Any property that is delinquent in any tax payment and/or special assessment shall not be eligible for any rebate and shall forfeit continuation in the program. 
   
   No applicant having delinquent real, personal or special assessment taxes due Mitchell County will be eligible for this program.  In the event any such taxes become delinquent during the qualified abatement period, all current and future tax rebates shall be forfeited in full.  Tax payment DUE dates are December 20th and May 10th.  Taxes are delinquent if paid after those dates.  
   
   
7. Prior to the commencement of any construction, the property owner will complete the application.  Requests must be received and approved before commencement of construction. 
   
   
8. Tax rebate is only applicable in the participating taxing units (USD 272, USD 273, the Cities of Beloit, Cawker City, Glen Elder and Tipton, and Mitchell County).  Tax rebate will be based on the increase of appraised value due directly to the improvements made.
   
   
9. Each year the property owner may appeal the property value at the informal level (within 30 days of CVN mail date – typically March 1st) and Payment Under Protest (protest of taxes). 
   
   ​If the property owner decides to pay under protest, any year during the rebate period,​ the plan will be voided and all further rebates will be forfeited.
   
   
10. The Tax Rebate will transfer to subsequent owners if they comply with the plan rules.  ​The participated owner is responsible for passing on the rules and general information of the plan.