Uniseal, Inc. property tax phase-in
Summary
Uniseal, an LG Chem subsidiary, gets an eight-year property tax phase-in for a $16 million warehouse expansion on North Fourth Avenue, bringing 61 new jobs averaging about $38 an hour. LG Chem plans to move $30 million in business from Poland to Evansville because of it.
At a glance
- Total mentions
- 5
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 14, 2026.
Impact analysis
An estimated $1.9 million in property tax savings over eight years for the company, in exchange for 61 new jobs.
Uniseal/LG Chem and Evansville workers gaining jobs paying $20–$38+ an hour.
Some property tax revenue is deferred during the phase-in period.
Mentions & discussions (5)
City Council Meeting - Sep 14, 2026
The council considered a tax phase-in agreement with Uniseal, Inc., a common incentive to attract or retain business investment.
City Council Meeting - Jun 8, 2026
Uniseal gets an eight-year declining property tax phase-in on rehab work at its North Fourth Avenue sites, after the council waived its procedural slip of starting construction before applying.
City Council Meeting - Feb 9, 2026
A confirmatory resolution would declare an economic revitalization area for Uniseal Inc.'s building rehabilitation, phasing in property taxes on the improvements.
City Council Meeting - Jan 30, 2026
A confirmatory resolution would declare an economic revitalization area for Uniseal Inc.'s property rehabilitation, phasing in property taxes.
City Council Meeting - Jan 12, 2026
Uniseal, an LG Chem subsidiary, gets an eight-year property tax phase-in for a $16 million warehouse expansion on North Fourth Avenue, bringing 61 new jobs averaging about $38 an hour. LG Chem plans to move $30 million in business from Poland to Evansville because of it.
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