Neighborhood Revitalization Plan

Category: State and Local Incentives, Tax Credits and Financing

Neighborhood Revitalization Plan (NRP) Tax Rebate Program

• The Neighborhood Revitalization Plan (NRP) Tax Rebate Program is a property tax rebate available for properties south of 11th Avenue in the Hutchinson city limits. 
• Offers property owners a rebate of the increase in property taxes that can result from making improvements to a property. 
• On residential properties, the improvements must be valued at $7,000 or more and must increase the assessed value by at least 5%. 
• On commercial and industrial properties, the improvements must be valued at $20,000 or more and must increase the assessed value by at least 15%. 
• Other eligibility criteria are noted in the adopted program requirements.  
• Enhanced benefits are available for downtown projects and historically designated properties.  
• Before commencing work and before obtaining a building permit, the property owner must arrange a pre-project appraisal of their property by the Reno County Appraiser's Office.
• NRP applications must be submitted to the Hutchinson Planning and Development Department at the time of building permit application filing.
• Once the project is completed, the County Appraiser will perform a new assessment of the property.
• The owner pays their property taxes as usual, and if the assessed value of their property increases by the minimum required percentage, the Reno County Treasurer will send a tax rebate check to the owner.
• Rebates to the owner continue each year for 10 years on a sliding scale.