Commericial Tax Abatement

Commercial Tax Abatement Schedule

The commercial tax abatement plan calls for a three-year schedule. Eligible improvements on commercial property will receive:

  • 70% abatement the first year
  • 50% abatement the second year
  • 30% abatement the third year

On the fourth year and every year thereafter taxes of the full value of the property will be assessed.