Five-Year Property Tax Abatement for New Construction Single-Family and Multi-Family Homes

Community growth and workforce growth often depend on a variety of housing options to keep up the demand. The City of Austin, Mower County and School District #492 have partnered to promote new construction of single- and multi-family homes by offering a five-year property tax abatement of any increased valuation.

Single Family Homes

The median home cost in Austin is $103,800. Many of those that have recently-relocated to Austin and Mower County are making the pleasant discovery that they can buy much more home for their money. 

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Rental and Multi-Family

Flats on 21

Location: Austin, MN

Building Size: 82 Units

Cost: $8,500,000

Year Completed: Under construction, Completion expected spring 2020