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 up to $75,000 of evaluated taxes on said improvement 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 up to $75,000 in value 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.
Industrial / 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 business development or subdivision development.
Urban Renewal is a development tool which provides the City with the ability to engage current and prospective property owners within an Urban Renewal Area to develop properties with potential improvements through development agreements. The City is interested in engaging with potential partners in this area to create a more vibrant and active commercial business and recereation area for Camanche. Typical developments include areas of job creation, infrastructure improvements, property improvements and beautification projects. The area covered is primarily along Washington Bouldevard with some existing commercial feeder areas. The funding source for such developments will utilize TIF (Tax Increment Financing).
If you have an interest in engaging the City of Camanche with proposals for properties in the proposed Urban Renewal Area, please contact the City Administrator at 563-259-8342 or firstname.lastname@example.org
|Monday - Friday||08:00 AM - 04:00 PM|
818 7th Avenue
P.O. Box 77
Camanche, Iowa 52730
Median Household Income: $50,804
Median Home Price: $119,800
Median Age: 43.8