Strategy in Action

Under the Commercial Property Rehabilitation Tax Abatement Program, owners of properties that have existed in the city for at least 20 years and have invested in rehabilitating, expanding, or replacing their buildings for use as office space are eligible for tax abatements for up to 10 years. To qualify, an investment must result in at least 10,000 square feet of new, improved, or additional office space. The assessed value at the time of project completion must be at least double the previous assessed value of the building. Only offices or office portions of buildings that are strictly commercial in use are eligible for abatements.