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City incentive: No property taxes for 10 years on new homes

News

September 6th, 2016 by Ric Hanson

PERRY, Iowa (AP) – City officials in the Dallas County city of Perry are considering a growth incentive: No property taxes for 10 years on new homes. The Des Moines Register reports city leaders hope the plan will lure builders and potential residents to Perry, which sits within commuting distance of the Des Moines metropolitan area.

City Administrator Sven Peterson says Perry hasn’t fully recovered from the recession and is losing residents to Adel, Waukee and other cities. City leaders are expected to approve the plan Tuesday. Another Dallas County town, Adel, implemented its tax abatement program in 2011. It has seen 327 new homes built since then, compared with 82 homes in the six years prior to the program.