How was the KOZ designation determined?
The local taxing jurisdictions (County, Municipality, School District) have to each agree on which underdeveloped and underutilized properties they wanted designated as a KOZ. The local municipalities had to pass appropriate ordinances and/or binding resolutions agreeing to waive, abate or exempt these taxes for a certain period of time. Development approves the local applications.
Related Questions
- How does the KOZ affect existing state or local tax liens, encumbrances judgments, utility or trash assessment, or other claims against the property within the zone?
- If a tenant of a business located in a KOZ brings in an affiliated company, does that company have the same privileges as its senior affiliate?
- Why designate a KOZ in Red Lion, PA?
