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. More information may be obtained online or in the City Assessor's Office located in Room 802 of City Hall.