Tax Abatement Programs for New Buildings

Looking to build a new home?

Did you know:

  • New single-family, townhome, and condominium residential construction may receive up to 2 years of property tax abatement on the first $150,000 of the true and full value of the home.
  • New and existing buildings, structures, and improvements owned or leased by a qualifying project may qualify for property tax abatement for up to 5 years
  • New buildings, structures, and improvements constructed and owned by a local development corporation may receive a partial or complete exemption from ad valorem taxation while unoccupied.
  • A qualifying project which locates in a building owned by a local development corporation qualifies for the property tax incentives, provided application is made and granted prior to occupancy.