Property Tax Discount
- Based on the number of jobs created, capital investment and through negotiation, the Thomasville Payroll Development Authority (PDA) can provide a graduated property tax discount / abatement. Title to the property in question must be retained by the PDA. This can be accomplished through a lease agreement. The Board of Assessors will value all leasehold interests at the actual PDA project value, and those values will appear on the taxable digest. The following is the graduated schedule:
- 0% - Year 1 0% - Year 2 10% - Year 3 20% - Year 4 30% - Year 5
44% - Year 6 58%- Year 7 72% - Year 8 86% - Year 9 100% - Year 10
- 0% - Year 1 0% - Year 2 10% - Year 3 20% - Year 4 30% - Year 5
Bond Financing
- Based on the credit worthiness of the prospect, the Thomasville Payroll Development Authority has the legal power to issue tax exempt bonds for the financing of capital improvements such as land, buildings and manufacturing equipment. For qualified projects, this can provide low interest financing.
Availability of Loan Programs
- The state of Georgia and the US Federal government (EIP) offers many low interest loan programs geared towards job creation. Funds may be applied for through the Thomasville Payroll Development Authority for capital improvements such as land, buildings, manufacturing equipment and infrastructure needs.
Land Donation or Discount
- Based on the number of jobs created and capital investment, the Thomasville Payroll Development Authority can discount the price of land or donate land in the Red Hills Business Park. Lots range from 4 to 90 acres and will be equipped with all necessary infrastructure.
Other Possible Incentives
- Site Improvements
Build to Suit / Lease Back ArrangementPreliminary Office Space
Reduced Utility Pricing
Reduced Permitting Fees