Policy on Economic Development Tax Abatements
Otter Tail County is dedicated to creating a first class environment for conducting business recruitment, retention, and expansion while maintaining a steadfast focus on quality of life for the citizens of Otter Tail County. Tax abatement is one technique to encourage private development projects by allowing the rebate of property taxes to the owner, reallocating the taxes to pay for public infrastructure costs or deferring the property taxes and rebating the interest penalty. This policy establishes minimum requirements and a uniform set of standards and procedures to be used when considering a request for a tax abatement and is developed in conformance with Minn. Stat. §§469.1812-1815.