Property Taxes and Tax Abatement

Property Taxes

Property taxes shown on this website are estimated based on 2017 assessments and the rate for the tax year ending June 20, 2018.  That rate is $0.80 per $100 of assessed value.

Tax Abatement

Homes in the Old West End that are 50 years old or more (nearly 100% of them) are eligible for property tax abatements, also called partial exemptions.  In essence, the increase in appraised value of a rehabilitated home is not taxed for a period of fifteen (15) years.  Particularly for large rehab projects, this represents a substantial savings.

There are a number of conditions that must be met before a tax abatement can apply, including:

  • The abatement must be requested BEFORE work begins and a $50 application fee paid,
  • The improvements must result in an increase of 25% or more in appraised value,
  • The rehab must NOT increase the square footage of the property by more than fifteen (15) percent,
  • If required, a Certificate of Appropriateness is acquired from the Commission of Architectural Review,
  • The appropriate building permits must be acquired,
  • Work must be completed within two years of application,
  • The property must remain residential for the abatement to continue, and
  • Local taxes and utility payments must be current.

A copy of the Real Estate Tax Abatement Program brochure and application can be found here.

For applications or additional information, please contact the city’s Economic Development Department at 434-793-1753.