Preservation Incentives

The City of Leavenworth has adopted a Neighborhood Revitalization Plan and designated a Neighborhood Revitalization Area. This area includes the Leavenworth Downtown Area. With this designation all-new taxable improvements can receive a rebate of 95- percent of the property taxes levied against the new improvements each year for five years.
 
An application is simple and made at the time a building permit is issued. Commercial property, in Kansas, is assessed at 25 percent of actual value. Thus, a new $1 million commercial improvement would be assessed at $250,000 and the tax in 1999 ($123.89 per 1,000 of Assessed Valuation) would be $30,972. Of that $29,424 (95 percent) would be refunded. Over five years the rebates (at current rates) would equal $147,120. The Leavenworth City Community Development staff can assist with application materials and other requirements.