Economic Development

Residential Tax Abatement

In an effort to increase new home construction, facilitate community growth, and improve housing stock within the City’s limits, the Adel City Council has created an Urban Revitalization Plan, or specifically for Adel, a residential tax abatement program.

Under the terms of the plan as amended in 2014, anyone building a home in Adel through 2025 would be eligible for 100% abatement of property taxes for seven years.

The full, final version of the Plan, along with exhibits and application materials, may be found by clicking here. The Plan is a short-run, sunset driven program that expires at the end of 2025.

The underlying premise is to provide incentive to those considering a move within or to the Des Moines metro area to build a home in our community. Also, by encouraging those who already live in the community to maybe consider building a new home and thus, making their existing home available for others who do not want to or cannot afford to build new.

Because the program also is offering incentive for home improvements, existing homeowners are encouraged to improve the livability of their home and help increase the existing housing stock in Adel.

For more information, please contact Adel City Hall.

 

Amendments to the Residential Tax Abatement Program

Please view the frequently asked questions document to learn more about the tax abatement program.

Click on the links below to view the final Urban Revitalization Plan along with the plan amendments.

Commercial Tax Abatement

Partial property tax exemption will be applied to new commercial real estate construction or improvements on existing construction provided that the improvements increase the property’s valuation by 15% or more. The amounts for eligible tax exemption will be applied on a sliding scale program:

  1. For the first year, seventy-five percent (75%)
  2. For the second year, sixty percent (60%)
  3. For the third year, forty-five percent (45%)
  4. For the fourth year, thirty percent (30%)
  5. For the fifth year, fifteen percent (15%)

More information about the commercial tax abatement program can be found here.

 

Industrial Property Tax Exemptions

Partial property tax exemption will be applied to industrial real estate by the new construction of industrial real estate, research-service facilities, warehouses, and distribution centers. The amounts for eligible tax exemption will be applied on a sliding scale program:

  1. For the first year, seventy-five percent (75%)
  2. For the second year, sixty percent (60%)
  3. For the third year, forty-five percent (45%)
  4. For the fourth year, thirty percent (30%)
  5. For the fifth year, fifteen percent (15%)

More information about the industrial property tax exemption can be found in Chapter 8 of the Adel City Code.

 

Tax Increment Financing (TIF)

The City of Adel uses tax increment financing (TIF) to subsidize redevelopment, infrastructure, and other community improvement projects. Through TIF, property tax revenue increases are reallocated toward a district of economic development or a public improvement project in our community. Please see the Urban Renewal Plan below to learn more about specific options related to TIF projects.

Zoning Map

 

Contacts for Utilities Hookups

MidAmerican Business

For gas and electric utilities to your business, contact:

Deb Calvert
Business & Community Development Manager
(515) 281-2595
https://www.midamericanenergy.com/

Residential Utilities

For all other utility needs for residents, please visit our utilities page.

 

Greater Dallas County Development Alliance

The Greater Dallas County Development Alliance facilitates economic development for our community and provides a number of resources. For more information, please contact:

Linda Wunsch
Executive Director
(515) 987-2020
http://www.dallascounty-ia.org/