Springfield commission passes tax abatement: What that means for you

The Springfield City Commission made it cheaper in some parts of the city to build or upgrade property.

The commission approved offering 100 percent tax-relief to community reinvestment areas throughout the city on new and renovated residential properties for up to 15 years, Springfield Mayor Warren Copeland said.

“We are trying to find ways to make it easier and more financially workable for people to buy and or fix our houses in the city of Springfield,” Copeland said.

MORE: City Commission makes plans for downtown Springfield

Those designated areas are scattered throughout Springfield.

“We are hopeful that with the expanded incentives in place and a renewed promotional effort, that new and existing residents will take advantage of the incentives and invest in our neighborhoods,” said Springfield City Commissioner David Estrop in a statement. “This is just one of many steps in our pursuit to fulfill the city commission’s goal of strengthening and growing our residential neighborhoods.”

About the Author