Land Use & Zoning
A 'Neighborhood Revitalization Act' (NRA) property tax rebate program in a Kansas city can stimulate neighborhood investment by:
APermanently eliminating all property taxes
BReturning a portion of the property tax increase resulting from improvements back to the property owner for a set period✓ Correct
CRequiring developers to fund neighborhood improvements
DCapping property taxes at pre-development levels
Explanation
NRA programs in Kansas rebate a portion of the increase in property taxes that results from improvements, incentivizing property rehabilitation in designated areas.
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