City of Jasper Tax Abatement Policy

1. Development projects with a value of One Million Dollars or greater shall automatically be eligible to make applications for the City of Jasper’s Tax Abatement Program.  Development projects of a lesser value, Two Hundred Fifty Thousand dollars or more, shall file a pre-application with the City Manager’s office.  Pre-application requests will be considered on a case-by-case basis as deemed appropriate by the City Council.  Development projects with a value of less than One Million Dollars, but more than Two Hundred Fifty Thousand dollars are subject to reduced benefits as determined by a majority vote of the City Council.
2. Tax Abatement requests must be presented in writing to the City Council. All requests must explain why the development project will be unable to proceed without the abatement.
3. Tax Abatement may be granted to a new business and/or a new manufacturing facility.  Additionally, tax abatement may also be granted for modernization, upgrade, remodeling, renovation or expansion of an existing business and/or existing manufacturing facility.

Tax Abatement Formula:

1. Construction or Remodeling Period: One ($1.00) Dollar per year in lieu of tax for a period of (not to exceed) two (2) years
2. Five (5) Year Abatement Period As Follows:

County of Jasper Tax Abatement Policy

1. A property owner will be eligible for tax abatement if the proposed project has a minimum   value of one million dollars or more
2. A property owner shall be eligible for tax abatement under these guidelines if a written application is filled with the County Judge of Jasper County, prior to commencement of work on the property.
3. A property owner shall be eligible for tax abatement under these guidelines if the property owner submits to the County Judge of Jasper County, a statement that the project may not be undertaken without tax abatement.
4. Full tax abatement may be grated to new businesses and/or manufacturing facilities, and for modernization, replacement, remodeling, or renovating of existing businesses and/or manufacturing facilities.

Tax Abatement Formula:

1. Construction or Remodeling Period: Up to 100% for the construction period but limited to a maximum of two (2) years.
2. Five (5) Year Abatement Period As Follows: