CITY OF MARSHALLTOWN URBAN REVITALIZATION APPLICATION
Pursuant to Section 404.4 of THE CODE OF IOWA, the undersigned requests approval of its application for property tax
abatement in accordance with the urban revitalization tax exemption ordinance adopted by the City of Marshalltown, Iowa
pursuant to Chapter 404 of THE CODE OF IOWA, and in connection therewith certifies the following:
Name of Property Owner:
Name of Applicant, if not Property Owner
Mailing Address of Property Owner
Phone Number of Property Owner
Address of Improved Property, in Marshalltown city limits:
Building Permit Number
Date of Building Permit
Parcel Identification Number (PIN)
New Structure ?
Yes __ No___
Remodel?
Yes ___ No ___
Property Legal Description
Describe the Improvements to the Property
Date of Project Completion
Final Cost of Improvement (estimate taxable valuation of increase)
What was the property used for on the effective date of the ordinance, April 30, 1997, and if a rental property, list
tenants occupying the property:
Number of Residential Units upon completion of the
project:
Residential Only - Select one of the Tax Abatement Exemption Schedules below.
o
Three year schedule
Over three years: 100%, 100%, 100%
o
Five Year schedule
Over five years: 100%, 80%, 60%, 40%, 20%
o
Ten Year schedule
Over ten years: 80%, 70%, 60%, 50%, 40%, 40%, 30%, 30%, 20%, 20%
Residential filing fee: There is a $50.00 filing fee, calculated per each residential unit.
(e.g., Single dwelling house - $50; Duplex - $100; Triplex - $150; 50 units $2,500)
Commercial Tax Abatement Exemption Schedule is three years at 100% for each of three years. Filing Fee: $50
The improvements made to the property are believed to have increased its actual value by at least ten (10) percent and
have been made in compliance with all applicable laws, codes and ordinances. There is no dollar limit for qualifying
property improvements.
There has not been and there will not be a need for the relocation of persons, including families, business concerns, or
others as a result of the improvements made to the property.
The application is due before February 1 of each year at the office of the City Clerk, 24 N Center Street, Marshalltown,
Iowa, 50158. The fee is payable to the City of Marshalltown at the City Clerk’s office upon filing this application.
It is understood that this application, if approved by the City Council of the City of Marshalltown, Iowa, will be returned to
the Office of the City Assessor on or before March 1
st
of the year in which the improvements included in the project are to
be first assessed for taxation.
Authorized Signature
Date Signed
Title (Owner/Representative)
Revised 09/18/2015
123456789123456
click to sign
signature
click to edit