How long does the tax rebate run under the Neighborhood Revitalization Plan?

The plan will remain in effect through December 31, 2025, and will be re-evaluated at any time.  A property owner may apply for tax rebate as appropriate any time during the program.  The length of the tax rebate will be for seven (7) years for Agricultural, Commercial and Industrial Properties and seven (7) years for residential property.  Any application approved by December 31, 2025, will receive the tax rebate.


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1. What is the Neighborhood Revitalization Plan?
2. What is a “tax rebate”?
3. What is a “qualified improvement”?
4. How is “structure” defined?
5. What kind of “improvements” will increase the assessed value?
6. How long does the tax rebate run under the Neighborhood Revitalization Plan?
7. Can property taxes be eliminated using the tax rebate?
8. How do the terms Assessed Valuation and Appraised Value differ?
9. How can I determine if I am eligible for a tax rebate?
10. If qualified improvements have been made, how does one obtain a tax rebate?
11. Who applies?
12. How often do I need to apply?
13. Will the schedule of tax rebates as determined by the increase in assessed value in the first year ever change?
14. Is the rebate transferable?