City of Tipton

Think Tipton!

The City of Tipton now offers a variety of programs…

• Our Tipton Home Loan Fund offers 0.5% loans ($10,000 maximum) for permanent improvements to owner-occupied, single-family homes.
• Our Tipton Revolving Loan Fund offers loans at 0.5% loans ($10,000 maximum) for qualified commercial and industrial properties throughout our city limits.

The City offers three programs where eligible applicants  can receive up to $5,000 in grant funds.

• The Downtown Revitalization Incentive Program and Application or DRIP places a special emphasis on the revitalization of our downtown district.  
• The Tipton Revitalization Incentive Programand Application or TRIP is designed for commercial and industrial building improvements within a defined area lying outside our Downtown.  
• The Tipton Incentive Program and Application or TIP is designed for properties outside the DRIP and TRIP programs.

The City’s Tax Abatement / Tax-Exemption Program offers three primary types of property tax-exemptions.  (Tax Abatement/Tax-Exemption Program)

• Single-family residences can qualify for tax-exemptions of 100% for new taxable improvements for seven-years.
• For multi-family housing (three or more units,) the City offers a 100% tax-exemption on new taxable improvements for ten years.
• Qualified commercial and industrial properties can receive a graduated, ten-year tax-exemption on new taxable improvements.