Thursday, February 27, 2014
Courier-Times Reports Harvest Land Co-op Granted Abatement for Investment in Millville
From the New Castle Courier-Times:
Harvest Land Co-op will be allowed to defer paying some property taxes on a new steel grain bin that it plans to build at its plant near Millville.
The Henry County Council granted a property tax abatement to Harvest Land Thursday. The company plans to build a 750,000-bushel steel grain storage bin for $1.5 million. The bin will be 105 feet in diameter.
The abatement provides Harvest Land, at 477 S. Road 600E, with property tax savings of $64,769 over three years. The abatement allows Harvest Land to pay reduced taxes for three years, phasing in the full tax bill in the fourth year.