Neighborhood Revitalization Plan

Neighborhood Revitalization Plan provides five years of reduced property tax rebate (from 90% rebate in 1st year, 70% in the 2nd year, 50% in the 3rd year, 30% in the 4th year, to 10% rebate in 5th year). This program applies to any project raising the current tax valuation from improvements by a minimum of $40,000. Also, this particular program is available on residential, commercial or agricultural property, unlike other programs! An application must be filed within one (1) year from the commencement of construction.