City of Wichita  >  City Offices  >  Urban Development  >  Economic Development  >  Industrial Revenue Bonds  >  Tax Exemption Calculation Tables

A series of tables designed to calculate requested real and personal property tax abatement. A percent eligibility is determined by applying job creation, capital investment, percentage of product export (out of Kansas), and project location to the tables. NEW JOB CREATION 3% Per New Jobs 1-5 2% Per New Jobs 6-10 & 1.5% Per New Jobs 11-20 1% Per New Jobs 21-50 & 0.6% Per New Jobs Above 50 Enter % Eligible New Jobs (#) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Exemption (%) 3 6 9 12 15 17 19 21 23 25 26.5 28 29.5 31 32.5 New Jobs (#) 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Exemption (%) 34 35.5 37 38.5 40 41 42 43 44 45 46 47 48 49 50 New Jobs (#) 40 50 60 70 80 90 100 Exemption (%) 60 70 76 82 88 94 100 Enter (1) Jobs Exemption % =   CAPITAL INVESTMENT Eligible real properties are newly constructed buildings or additions to existing buildings. 1% Per Each $50,000 Invested Between $50,000 And $500,000 0.75% Per Each $50,000 Invested Between $500,000 And $1,000,000 $ in Thousands 50 100 150 200 250 300 350 400 450 500 Exemption (%) 1 2 3 4 5 6 7 8 9 10 $ in Thousands 550 600 650 700 750 800 850 900 950 1000 Exemption (%) 10.75 11.5 12.25 13 13.75 14.5 15.25 16 16.75 17.5 Eligible personal properties Include machinery & equipment used in the business operations. Motor vehicles are not eligible for property tax abatement. .5% Per ea. $50K Invested Between $1M & $2M .25% Per ea. $50K Between $2M & $5M .1% Per ea. $50K Investment Above $5M Enter % Eligible $ in Thousands 1050 1200 1300 1400 1500 1600 1700 1800 1900 2000 Exemption (%) 18 19.5 20.5 21.5 22.5 23.5 24.5 25.5 26.5 27.5 $ in Thousands 2100 2200 2400 2600 2800 3000 3500 4000 4500 5000 Exemption (%) 28 28.5 29.5 30.5 31.5 32.5 35 37.5 40 42.5 $ in Thousands     10000 15000 20000 25000 30000 33500 40000 50000 Exemption (%)     52.5 62.5 72.5 82.5 92.5 100 100 100 Enter (2) Investment Exemption % = Location Premium - Businesses locating or expanding in established target areas may receive a 20% premium.                                                                                                                                  Enter (3) Location Exemption % =