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Economic Development

Please click here if you’re applying for residential or commercial tax abatement.

Residential Tax Abatement (Updated 10/10/17)

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 unanimously by the Adel City Council on October 10, 2017, the following schedule applies to new construction and improvements:

  • 2017 – 2018: Seven-year program at 100% abatement

 

  • 2019 – 2020: New three-year sliding scale program at Year One: 75%; Year Two: 50%; and Year Three: 25%

 

  • After 2020: The program ends

 

Please Note: If construction begins in 2018 and ends in 2019, the percentage completed as of December 31, 2018 will receive the seven years at 100%. The percentage completed in 2019 will receive the new three-year sliding scale. If this occurs, two abatement applications will need to be submitted (i.e., one for 2018 and one for 2019).

If construction begins in 2020 and ends in 2021, the percentage completed as of December 31, 2020 will receive the new three-year sliding scale. The percentage completed in 2021 will receive no abatement.

Please contact Adel City Hall with any questions.

 

The full, final version of the Plan, along with exhibits and application materials, may be found by clicking here.

The underlying premise is to provide an 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 an 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%)

The commercial tax abatement program ends after 2025. More information about the 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/

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