ANDERSON — The Anderson City Council has extended a residential tax abatement program that began in 1981 during the administration of former Mayor J. Mark Lawler.
The city council Thursday voted unanimously to extend the residential tax abatement program for another year.
The program provides a tax abatement of three years for the construction of new housing in subdivisions and six years for what is known as in-fill housing in existing neighborhoods.
This year, the council approved 10 requests for residential tax abatements in the amount of $3.2 million.
Since 2015, the city council has approved a total of 126 residential tax abatements with a construction value of $37 million.
The council approved ordinances to provide tax abatements for the construction of two homes.
A request by Chris and Molly Hoyle for a three-year tax abatement was approved for a planned $600,000 house in the 2500 block of Winterwood Lane. The council also approved a request by Mustin Builders for a three-year tax abatement for a $405,200 house in the 700 block of Gelmont Court.
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