Tax Abatement Programs
Tax abatement is a reduction in the property taxes which would otherwise be payable on the actual value added to a property due to qualified improvement. The reduction only applies to the additional taxes resulting from the increase in assessed value of the property due to the improvement. Under urban revitalization the taxes relating to the assessed value of the property prior to the improvement cannot be reduced and will continue unabated.
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Tax Abatement History
Tax Abatement History Fiscal Year 2019 - Fiscal Year 2023 (PDF)