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Residential Tax Abatements
Residential Tax Abatement Schedule
This program is applied citywide for residential properties.  The residential tax abatement plan calls for a five-year abatement schedule.  Eligible improvements on residential properties receive:
  • 80% abatement the first year
  • 65% abatement the second year
  • 50% abatement the third year
  • 35% abatement the fourth year
  • 20% abatement the fifth year

On the sixth year and every year thereafter taxes on the full value of the property would be assessed.

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