The City of SSM currently provides tax relief to property owners with vacancies in commercial and industrial buildings. A property owner may apply to the program to receive 30% (commercial properties) and 35% (industrial properties) of total property taxes back from the municipality. This rebate is paid for as part of the overall tax levy. Residential property taxes fund approximately 70% of this subsidy. A property owner can apply for a rebate once his/her property has been vacant for 90 days and can collect the rebate for as long as it remains vacant.