Georgetown Local Incentives
10 Year Property Tax Increase Phase In
- This program will phase-in the property tax increases associated with improvements to a site. A 10% per year phase-in will result in reduction of taxes over a 10 year period.
Business License Fee Waiver
- Business License fees will be waived for 5 years. Applies to new businesses only.
Accelerated Development Review Process
- Any projects that are in complete compliance with the Town Zoning code will be administratively approved. All reviews controlled by the town of Georgetown will be completed within 3 weeks.
Building Permit Fee Reduction
- Building Permit fees will be reduced based on the value of the improvement. Reductions range from a 15% up to 75% reduction. There is a chart illustrating this incentive.
Emergency Services and Georgetown Recreation, Education and Arts Trust Reduction
- All projects in the DDD will be eligible for a 50% reduction in this fee.
Impact Fee (Water and Sewer) Reduction
- Reductions in the Impact Fees for water and sewer will be based on the type of use. Commercial projects will see a 20% reduction; Mixed Use projects will see a 35% reduction.
Form Based Code
- Georgetown will explore zoning code alternatives to yield higher quality development based on design criteria and expedited approval processes.
Facade, Sign and Awning Improvement Grant – East Market Business District Only
- Provides a 50/50 matching grant to assist with the needs of building facades.
Realty Transfer Tax Exemption – 1st Time Homebuyers – Town wide
- First-time Homebuyers will be exempt from the realty transfer tax.
Website: Town of Georgetown
Phone: (302) 856-7391