Contact Us
Phone

Address:

1500 East Main St
Suite 400
Richmond, VA 23219

Commercial Real Estate Tax Abatement Program Contact

For more information, or to apply for the Commercial Real Estate Tax Abatement Program, contact:

 

Carla Childs, Management Analyst, Senior

(804) 646-7438

carla.childs@richmondgov.com

Commercial Real Estate Tax Abatement Program 

 

 Program Details

  • 10-year program
  • First 7 years at 100%, then decreases by 25% each year after until it's gone

 Qualifications

  • Must be in an Enterprise Zone
  • The structure must be at least 20 years old
  • You must increase the Improvement Value by at least 40%
  • You must have an active permit on file with Planning and Development Review (room 511 of City Hall)
  • Additions/Replacement
  • Structures cannot exceed the total square footage of the qualified structure by more than 100%
  • Must meet Zoning Requirements
  • Applications in Historic Zones will be forwarded to the Architectural Review Board for review

 Applications

  • Download the application here. Application is a fillable form and can be filled out online.
  • Applications should be mailed/emailed to the DED's office with a $250.00 check or money order and a copy of the building permit
  • Must inform DED's office, in writing, when work is complete
  • Once qualified, the credit begins January 1 following the receipt of the Final Value Request
  • Applications expire 24 months from the date of application

To learn more, review the flyer:

Click to enlarge or download. 

Commercial Tax Abatement Flyer