If We Don't Tax, They Will Come: Adel, Iowa, Introduces Tax Abatement

By
Real Estate Agent with Space Simply - President & CEO

 

1400 13th St., Adel
Cy's New Construction Listing at 1400 13th St., Adel
In an effort to increase residential new construction and community growth, the City of Adel has adopted a tax abatement program within its city limits. Under the terms of the plans, anyone building a home in Adel in the next few years will receive a property tax abatement on the following graduated schedule: 
 
  • Completion in 2011: 100% abatement of property taxes for 7 years
  • Completion in 2012: 100% abatement of property taxes for 5 years
  • Completion in 2013: 100% abatement of property taxes for 3 years 

The effects of the new program can already be seen in Adel's Evansview development on the southwest side of town. Behr Construction has enlisted the help of the Cy Phillips Team on a 2-story spec home for sale in the development that is projected to be complete by mid November. There are also several new custom homes currently being built. 

Adel is a charming town of about 3,600 people located 12 miles west of the I-80/I-35 intersection.   

For more information about the Behr spec home or new construction opportunities in Adel, contact Cy at 515-422-4731 or

cyphillips@remax.net.  

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