Tax Abatement Available

On April 20, 2017 the Van Meter City Council adopted Resolution 2017-20 which approved and adopted an Urban Revitalization Plan. At the same meeting the City Council adopted Ordinance 257 which designated all real property contained within the incorporated limits of the City of Van Meter, as of April 1, 2017, to be within the City’s Urban Revitalization Area.

The Plan establishes property tax exemptions (tax abatement) for new value added across all property classifications as a result of renovations, additions, or new construction. The abatement is offered according to the following schedules:

For commercial and industrial property the abatement applies for 3 years at 100%.

For residential property (single or multi-family) the abatement applies for 5 years as follows: Year 1 – 100%, Year 2 – 100%, Year 3 – 100%, Year 4 – 75%, Year 5 – 50%.

It is important to note and understand:

1) Improvements must increase the actual value of the property by at least 15%.

2) The abatement is not automatic. It must be applied for and granted by BOTH the City Council AND the Dallas County Assessor’s Office. However, only one application is necessary. After approval, the City will forward the application to the County Assessor.

3) An application must be submitted to City Hall prior to February 1 of the assessment year for which the abatement is first claimed.

4) Valuation cannot be removed from the County’s assessment of a property AND property taxes must always be paid against the existing assessed value of a property. So get your application filed early when starting a project.

You can access the full text of the Urban Revitalization Plan here along with the application here.

Urban Revitalization Plan

Tax Abatement Application

If you have questions please call City Hall at (515) 996-2644.

Van Meter recognized as a first in Iowa’s Certified Site Program

IEDA_CertifiedSiteOne of the fastest growing trends in the site selection business is the demand for certified industrial sites.  As companies continue to put pressure on the time allowed for making a location decision as well as the time required to start construction and complete the project, the need for certified sites increases.  The location decision process demands available sites, and those sites need to be ready for development.  Companies looking to build new facilities want sites that are shovel-ready and relatively risk free.

In an effort to capitalize on this trend, the Iowa Economic Development Authority (IEDA) rolled out its certified site program in May 2012.  This is an independent, third-party certification program which uses the nationally recognized site selection firm of McCallum Sweeney Consulting (MSC) as the sole certifying agent.  MSC has designed a program based on a combination of industry needs as well as Iowa’s targeted industries and natural assets.

McCallum Sweeney Consulting, out of Greenville, SC was chosen based on their experience as site selectors as well as their groundbreaking work with mega site certification for the Tennessee Valley Authority.  They bring more than 70 years of combined senior staff experience to the program.

The program objective is to develop a portfolio of certified sites that will make Iowa more competitive in site selection projects.  Certification benefits include effective pro-active marketing; prepares the community for better re-active marketing; educates the developer on the site’s strengths and weaknesses; speeds up the development schedule by having due diligence completed.

PRESS RELEASE

Watch Governor Branstad announce the Certification here: http://www.youtube.com/watch?v=KCEvzmmjxMc&list=UU2sB1Xtho61GzWk6SA19yxA

Why You Want To Join Van Meter

Brochure CoverLooking to move to the Greater Des Moines area? With a quality school, family recreation, and a community that is united, Van Meter has a lot to offer. Find out more about why Van Meter is the next best place for you and your family here!