Prairie City Incentives

The City of Prairie City offers a variety of financial tools to foster economic development. City officials also work with businesses and organizations to develop customized incentive plans tailored to their specific needs.

Tax Abatement and Exemption
Through the Prairie City Revitalization Plan, business owners may be eligible for exemption from some or all property taxes for improvements made to a qualifying property. The owner will still be responsible for paying taxes on the initial value of the property and will only be eligible for tax exemption on improvements for a limited period.

Click here to learn more about the City's Revitalization Plan.

Click here to download an application.

Voluntary Demolition
The City of Prairie City offers a $3,000 grant to eligible property owners who wish to demolish substandard, deteriorated, or dilapidated vacant buildings within city limits. If approved, the grant will cover the costs of demolition, debris removal, and site grading.

Click here for more information.

Tax Increment Financing (TIF)
The City of Prairie City invests in the community's future through Tax Increment Financing (TIF). With TIF, Prairie City may take an increment of projected property taxes earned through improvements made by a developer and rebate all or a portion of the money back to the business or organization to use in various ways.

Visit the Prairie City's website for additional information.