The City of Camanche is progressive in its approach to economic development. The City works with new home construction, existing improvements, and commercial / industrial partners to provide growth incentives.
Homeowners qualify for a 100% property tax abatement on improvements for 3 years. This benefit is extended to all owners within the corporate limits. If you are building a new house, your full property taxes on the improvement can be abated for those 3 years.
Multi-family residential is eligible for 100% abatement for 10 years.
Commercial properties which build in the City can receive an abatement on any residential addition to their building for the same 3 year period.
Industiral / Commercial construction in our newly defined boundries are eligible for an abatement starting at 80% for the first year and decreasing to 20% in the 10th year.
Camanche is also an Urban Renewal Area and is well versed in exploring TIF as a finance option for busienss development or subdivision development.