This program reduces property taxes paid on qualifying improvements to residential properties. Property owners who have completed improvements to residential properties or apartment buildings can file an application for residential tax abatement. New construction, additions, and remodeling are eligible activities.
Taxes on the improvements are abated for a specific number of years for qualifying projects. Taxes on the new value is abated for three years. To apply for tax abatement, please visit the Planning Department before the end of January in the year after you complete improvements.
The Build Ottumwa program provides a $10,000 economic development grant to anyone that completes a new single famly home valued at more than $125,000. Applications for the program are available with your building permit. Grants are paid at the time a certificate of occupancy for the new home issued and the value is verified at greater than $125,000.
