Public Assistance through Tax Abatement a. Tax Abatement is blended 66% of the increased taxes above the existing pre-development base value for the City, LeSueur County and School District share with the following scale:
i. Years 1-5: 100% City, County and School District
ii. Years 6-10: 66% City, County and School District
iii. Years 11-15: 33% City, County and School District
iv. Average blended percentage of participation is 66% over 15 years
b. Pre-development base value is existing land value of property as of January 2, 2024, for taxes payable 2025
