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Updated over 4 years ago on . Most recent reply

User Stats

58
Posts
33
Votes
Murali Jesudoss
  • New to Real Estate
  • Reno, NV
33
Votes |
58
Posts

Missouri Clean Energy District (MCDE Tax) Query - Kansas City

Murali Jesudoss
  • New to Real Estate
  • Reno, NV
Posted

Hello BPers,

I was looking at a deal in Kansas City, MO (Blue Springs) and came across one which has $1500 extra property tax than the other ones. Futher checking the details of the property in the county web site, I observed that the actual property tax was similar to other ones and there was an add on in the same with $1400+ calling it out as MCDE tax. Google search mentions it about energy renewal program district which provides low interest and fixed rate option or something like that.

Question I have is anyone has more insight on this program and what it means for investors? 

Is it optional and the owner chose to use this program? So what he gets for paying this extra tax?

The reason I am asking is that I am closing a similar property 4 or 5 units across in the same street and I did not see this tax in mine. But this property is paying this for last 2 years. 

Any insights on this would be helpful..

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