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Neighborhood Revitalization Plan
The Andover Neighborhood Revitalization Plan (NRP) is an economic development tool aimed at encouraging investment in specific geographic areas of the City through the use of property tax rebates. The current NRP enjoys the support of our neighboring jurisdictions, and the rebates apply to not only to the City of Andover, but to property taxes levied by Butler County, Butler Community College and USD 385.
Neighborhood Revitalization Plan
NON-RESIDENTIAL | |
|---|---|
| Rebate length | 5 years |
| 95% rebate | New projects remodels, additions |
| Minimum project valuation | $50,000 |
RESIDENTIAL | |
|---|---|
| Rebate length | 5 years |
| 95% rebate | Remodels/additions |
| 45% rebate | New projects |
| Minimum project valuation | $25,000 |
An example of the how program plays out:
| NON-RESIDENTIAL | RESIDENTIAL | |||
| New | Remodel/addition | New | Remodel/addition | |
| Starting assessed valuation | $0 | $100,000 | $0 | $28,750 |
| Annual property tax paid | $0 | $15,289 | $0 | $4,175 |
| Valuation after improvements | $125,000 | $150,000 | $40,250 | $34,500 |
| Annual property tax paid | $19,112 | $22,934 | $6,154 | $5,274 |
| Increased property tax | $19,112 | $7,645 | $6,154 | $1,100 |
| Rebate amount (one year) | $18,156 | $7,263 | $2,769 | $1,045 |
PLEASE NOTE:
The Neighborhood Revitalization Plan map has changed for 2025 - 2027!
Link to 2025-2027 interactive map
Goals of the program:
- Encourage new commercial properties
- Encourage revitalization of commercial properties
- Lessen tax barriers for new construction
- Incentivize infull for most efficient use of infrastructure