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Knox Co. Grants Farbest Tax Abatement

The Knox County Council voted unanimously Tuesday night to grant Farbest Foods a ten-year graduated tax abatement on 77-million dollars of real estate and business property.

The abatement starts out at 100-percent and drops 10-percent a year over the next ten-years.

It’s the first of two tax abatements requests by Farbest.

Farbest officials will appear before the Knox County Council next month to request a similar abatement for the J-F-S Milling plant on State Road 67 near Bruceville.