Franklin Township and the other four
municipalities in the General McLane School District, Edinboro and
McKean boroughs, and Washington and McKean Townships, have joined
together with the District to provide tax incentives available to
potential new homeowners and new business, commercial or industrial
developers/owners that want to "Get the McLane Advantage."
For new residential construction there is a 100 percent tax abatement
for all real estate taxes for three years. For
new business, commercial, industrial construction there is a
five year abatement for real estate taxes on a reducing percentage--100
percent in the first year, 80 percent in the second year, 60 percent in
the third year, 40 percent in the fourth year and 20 percent in the
fifth year. To claim the residential exemptions applications must
be received and building permits granted by December 31, 2014.
Business, commercial and industrial exemption applications must be
received and building permits granted by June 30, 2016. |