Princeton looks at annexation of properties

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As far as tax abatement benefits for property owners, each situation is unique, based upon how desirous it is for the city to have the property within the city limits, Nelson said.

The city council will consider the proposed annexations with a second reading at its next meeting. If approved by the council following the second reading, the annexations would go into effect immediately, affecting taxes based on the 2013 year and payable in 2014. The properties will be considered individually when it comes time to vote upon them.

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