Do taxes go up because of the existence of the KURA?

No, the existence of an urban renewal agency has no bearing on the tax rate, nor does the fact that a property lies within the Revenue Allocation Area.  That is, all properties within a taxing district, whether they fall within or outside the Revenue Allocation Area, are levied at the same rate.  The general idea is that the KURA’s activities will help raise property values within the Revenue Allocation Area, translating into more valuable property for the owners.

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