Property Owners Continue to Utilize Tax Exemptin to Construct New Homes/Make Improvements to Existing Homes

February 3, 2011 – (RealEstateRama) — Property Owners Continue to Utilize Tax Exemption to Construct New Homes/Make Improvements to Existing Homes. In October of 2007, the City of Sioux City began the City-Wide Tax Exemption / Urban Revitalization Program. The purpose of the program is to provide partial tax exemption for up to 10 years on the increased value of property resulting from improvements. Improvements can include substantial remodeling, additions, or new construction of single-family residential or multi-family residential structures