Tax Abatements

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TAX ABATEMENT PROGRAM

 

The City of Richmond offers partial exemption from real estate taxes for qualifying rehabilitated and replaced structures. For thos properties that qualify, the increase in market value created by rehabilitation/replacement will be credited from taxable assessment for up to ten years within the Enterprise Zone and seven years outside of the Enterprise Zone.

To learn how to qualify and read the full set of requirements, please click here for the full brochure.

 
City of Richmond
Economic & Community Development

Main Street Station
1500 East Main Street, Suite 400

Richmond, VA 23219
804.646.5633