Owners of single-family homes or duplexes that are approved for the rebate would receive an 85-percent rebate of the increase in property tax associated with the increased assessed valuation for 10 years. Owners of multi-family residential and commercial properties would receive a 75-percent rebate for 10 years. Rebates will occur for 10 years once the application is approved.

The tax rebate program, which began on March 1, 2007, will be effective for 10 years unless the Governing Body votes to extend it.

Eligibility criteria

• Property must be located within the Neighborhood Revitalization District.
• A building permit is required for all NRD improvements.
• A single family home or duplex owner would be required to make a minimum investment of $5,000 in improvements that result in an increase in assessed valuation of at least $575 ($5,000 appraised value).
• Multi-family residential and commercial property owners would be required to make a minimum investment of $10,000 in improvements that result in increasing the assessed value by at least 10 percent.
• All real estate taxes must be current.
• Adequate property insurance must be in effect.
• Improvements must conform to City of Lenexa Municipal Code and other applicable building codes.
• Eligible improvements include, but are not limited to, exterior renovations, room remodels or additions, and other qualified improvements that would increase the property’s value.

How to apply
Obtain an application online or at Lenexa City Hall, 12350 W. 87th Street Parkway. Applications must be filed with the City Clerk prior to commencing construction of any improvement.

Fees
Application fee is $25 for single family and two families, and $100 for commercial. The city will notify the applicant within 10 days of receipt of a completed application, indicating conditional approval or denial of the project.

Tax rebate examples
For a residential property, each increase of $5,000 in appraised value would result in a tax rebate of approximately $53. For example, if your home was valued at $150,000, and you made improvements that increased the property’s value to $155,000, the property tax increase would be about $63. The 85-percent program rebate would mean your rebate would be about $53 annually for ten years.

For a commercial property, each increase of $10,000 in appraised value would result in a tax rebate of approximately $206. For example, if your commercial property is valued at $1,000,000 and you made improvements that increased your property’s value to $1,010,000, the property tax increase would be about $275. The 75-percent program rebate would mean your rebate would be about $206 annually for ten years.

For more information
Contact the City Administrator's Office at 913.477.7550.