The Bondurant City Council supports development in the community.  They strive to accommodate developer needs and will consider various incentive programs to assist in the growth of the community.  Bondurant offers a generous tax abatement schedule, as follows:

Residential Tax Abatement

A qualified real estate assessed as residential is eligible to receive a period of five years, as follows:

80% the first year

65% the second year

50% the third year

35% the fourth year

20% the fifth year

Commercial Tax Abatement

All qualified real estate assessed as commercial property are eligible to receive a 100% exemption from taxation on the actual value added by the improvements for a period of three years or a period of six years, as follows:

80% the first year

70% the second year

60% the third year

50% the fourth year

40% the fifth year

30% the sixth year

In an effort to encourage economic development within the community, Bondurant Development offers a revolving loan fund program to provide financial assistance to new and expanding businesses in Bondurant.  The revolving loan fund program overview gives complete details of the program.  Interested businesses should complete the revolving loan fund application for consideration.