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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateMissouri
Effected JurisdictionCity of Kansas City
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameLand Bank of Kansas City
Program purpose: Redevelopment/revitalization
Statutory authority: Sections 141.210 - 141.210 and 141.980 - 141.1015 Revised Statutes of Missouri.
Abating jurisdiction(s): Kansas City, Missouri
Applicable taxesProperty Tax
Method of abatement: (not specified)
Provisions for recapture: A deed of trust is executed at the time of purchase which allows the Land Bank to foreclose the property if commitments are not met.
Gross revenue loss: $48,000
Reimbursement / offset: $0
Net revenue loss: $48,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://drive.google.com/file/d/1lvVqxgAuz_wIbmi3F8FKWCgla-o5RHan/view