HomeServe USA has secured a five-year tax break for its $5.7 million East Brainerd expansion plan.
The company, which sells monthly major household repair plans to homeowners, has operated a call center in Chattanooga since 2010. Based in the United Kingdom, the company’s United States headquarters is located in Connecticut. It serves more than 2 million customers in the U.S. and Canada.
On Wednesday, Hamilton County commissioners voted 8-0 to enter into a five-year payment-in-lieu-of-taxes [PILOT] agreement with the company. Commissioner Tim Boyd was absent.
“We’re really proud that HomeServe’s going to be expanding once again in Hamilton County,” Hamilton County Mayor Jim Coppinger said after the commission’s vote. “They are one of those types of companies that when you recruit them, they start relatively small and they grow.”
The tax agreement eliminates 100 percent of new property taxes generated by the company’s planned 46,000-square-foot facility in the first year of the agreement. That drops to 75 percent in the second year and 60 percent in the third year. Property tax payments level out at 50 percent for the last two years of the tax agreement.