1/3/2008
3
How does the NRA work?
lProperty tax rebates for improvements that increase appraised value – fixed rebate on the incremental increase
lTwo year initial program period; $500,000/year rebate cap. $50,000 individual project cap.
lProjects must meet plan requirements and codes
–Eligibility criteria
lRebate is based upon the taxing entities that have adopted the plan – works best if City, County and School District are all participants