![Olmsted County Announces Property Tax Relief Program](http://townsquare.media/site/715/files/2020/03/SIGNS-OF-THE-TIMES-Cornavirus-Signs-01.jpg?w=980&q=75)
Olmsted County Announces Property Tax Relief Program
![Sasquatch 107.7 - The Rock of Rochester logo](https://townsquare.media/site/987/files/2021/09/attachment-512-3.jpg?w=100)
Rochester, MN (KROC AM News) - Olmsted County has released details about its latest COVID-19 property tax hardship abatement policy.
The County Board of Commissioners has approved a temporary abatement policy for commercial/industrial property owners. The policy is intended to provide some relief to business owners having difficulty paying their 2020 property taxes due to COVID-19 impacts on their businesses. This will defer payment of some of the taxes and abate some of the penalties and interest to help those businesses recover.
Commercial/industrial property owners who meet the qualification criteria and would like to seek abatement must apply by 5 p.m. on February 15, 2021. Applications must be submitted by the property owner and all applications will require approval from the Olmsted County Board of Commissioners. Approved applicants will be allowed a 6- to 18-month period to pay back taxes that are in arrears, starting January 1, 2021.
Here are the criteria to qualify for the COVID-19 property tax hardship abatement program:
- Properties must be classified as a commercial or industrial property in Olmsted County. Apartment and agricultural properties will not qualify.
- Property owners need to have paid at least 25% of abatement year property taxes prior to the time of application.
- Property owners must have been current on their property taxes as of March 1, 2020.
- Business revenue must have decreased by 30% or more as a result of the COVID-19 pandemic compared to 2019.
- The business must have been in operation as of March 1, 2020.
- The business must have been in good standing with Minnesota Secretary of State as of March 1, 2020.
Check here for more Infomation
News update: Feeling lucky? Some big lottery jackpots are up for grabs this week
LOOK: 15 Unconventional Christmas Albums From the Past 50 Years
More From Sasquatch 107.7 - The Rock of Rochester
![Pandemic Steepened Declines in Minnesota Math & Reading Scores](http://townsquare.media/site/717/files/2019/05/RS16398_487591111.jpg?w=980&q=75)
![Nearly One Million Minnesotans Have Received COVID Bonus Payments](http://townsquare.media/site/67/files/2017/11/Money-stock-photo.jpg?w=980&q=75)
![Minnesota Set to Distribute Frontline Worker Bonuses](http://townsquare.media/site/669/files/2022/09/attachment-IMG_2305.jpg?w=980&q=75)
![Minnesota Hospitals See Increase in Patient Harm Events](http://townsquare.media/site/67/files/2020/05/Hospital-Covid-19.jpg?w=980&q=75)
![Olmsted County Evaluating Proposals For Former Seneca Foods Site](http://townsquare.media/site/718/files/2019/01/CornCobWaterTower_Rochester1.jpg?w=980&q=75)
![Rochester Mayor, Two Councilmembers Facing Election Challenges](http://townsquare.media/site/669/files/2018/06/IMG_0349.jpg?w=980&q=75)
![Olmsted County’s COVID-19 Journey Began 2 Years Ago Friday](http://townsquare.media/site/669/files/2021/03/graham.jpg?w=980&q=75)
![Olmsted County Is Adding Another Courtroom – And A New Furnace](http://townsquare.media/site/669/files/2021/08/attachment-Government-Center.jpg?w=980&q=75)
![Proposals To Be Sought For Former Rochester Seneca Foods Site](http://townsquare.media/site/720/files/2021/10/attachment-Corn-Cob-Water-Tower.jpg?w=980&q=75)