Tax Abatement Programs
Tax Abatement programs available:

 

Residential Tax Abatement:

Schedule 1

Abatement schedule for additions, renovations, or minor improvements (up to $20,000 in project value).

10-yr/115% Schedule

  • Year 1        115% abated
  • Year 2        115% abated
  • Year 3        115% abated
  • Year 4        115% abated
  • Year 5        115% abated
  • Year 6        115% abated
  • Year 7        115% abated
  • Year 8        115% abated
  • Year 9        115% abated
  • Year 10      115% abated

Schedule 2

Declining abatement schedule for new construction, major improvements, or renovation to residential properties.

10-yr/Declining Schedule

  • Year 1               80% abated
  • Year 2               70% abated
  • Year 3               60% abated
  • Year 4               50% abated
  • Year 5 & 6         40% abated
  • Year 7 & 8         30% abated
  • Year 9 & 10       20% abated

Schedule 4A (for targeted areas only)

Abatement schedule for new construction, major improvements, or renovation of residential projects, such as single-family homes, duplexes, townhomes, apartments, condominiums, etc. Reference Targeted Residential Area Map.

10 yr./100% Schedule

  • Year 1        100% abated
  • Year 2        100% abated
  • Year 3        100% abated
  • Year 4        100% abated
  • Year 5        100% abated
  • Year 6        100% abated
  • Year 7        100% abated
  • Year 8        100% abated
  • Year 9        100% abated
  • Year 10      100% abated

Schedule 4B (city-wide)

Abatement schedule for new construction, major improvements, or renovation of residential projects, such as single-family homes, duplexes, townhomes, apartments, condominiums, etc.

5 yr./100% Schedule

  • Year 1               100% abated
  • Year 2               100% abated
  • Year 3               100% abated
  • Year 4               100% abated
  • Year 5               100% abated

 

Commercial and Industrial Tax Abatement:

Schedule 2

Declining abatement schedule for new construction, major improvements, or renovation to commercial and industrial properties, subject to design guidelines being met.

10-yr/Declining Schedule

  • Year 1               80% abated
  • Year 2               70% abated
  • Year 3               60% abated
  • Year 4               50% abated
  • Year 5 & 6         40% abated
  • Year 7 & 8         30% abated
  • Year 9 & 10       20% abated

Schedule 3

Abatement schedule for new construction, major improvements, or renovation of commercial or industrial projects, subject to design guidelines being met.

3-yr/100% Schedule

  • Year 1               100% abated
  • Year 2               100% abated
  • Year 3               100% abated