Tax Abatement Program
The city of Richmond allows partial tax exemption from real estate taxes for qualifying structures through two separate initiatives:
- Rehabilitated or Replacement Structures
- New Construction within Redevelopment and Conservation Areas and Rehabilitation Districts
For those properties that qualify, the increase in market value caused by rehabilitation/replacement will be credited from taxable assessment for up to ten years.
For more information, or to apply for the Tax Abatement Program, contact:
Leigh Kelley, Senior Project Development Manager